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Message: Re: crunching some numbers
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Jan 27, 2011 06:48PM

Jan 27, 2011 07:33PM
1
Jan 28, 2011 11:11AM

Designz, you are right - in the event of a large resource and a weak infrastructure it is likely that a major would have to step forward.... but Im cool with that too!

10m tonnes is is worth 30 bucks a share...... less say $250m costs to access the mine and ramp it up to 1m tonnes per annum....so we would have to settle for $23 per share

5m tonnes is worth a lot less as the $250m would be a fixed cost...... so say $8 per share

just to put that 5m tonnes figure in perspective... we are already 1/6th of the way there and if my hunch is right, we will have a 5m tonne resource defined before the year is out

exciting times indeed

1
Jan 28, 2011 05:27PM

Jan 28, 2011 07:16PM

Jan 29, 2011 02:55AM

Jan 29, 2011 09:47AM

Jan 29, 2011 11:54AM
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