It needed more work before it could of been sold to a major...

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If we take Prospekt's numbers (conservative at $1/lb cost when other producers are reportedly seeing .79 cost per lb) and 1.2 billion lbs the mine could be expected to earn approaching 3 billion dollars for whomever builds it.

That is pretty spectacular, isn't it. I'm not qualified to estimate what that kind of return would sell for - maybe someone in the know could estimate it?

Just for the sake of a point, lets throw a number out like 300 million (could be way off base, but I think on the conservative end of the scale).

Am I the only one that has a hard time thinking we are seeing the whole story here.

If the historical estimate was somewhat legitamite (and our drilled holes seem to confirm it was already correct) - what a collossal blunder for the other local producers to not pony up only a million or so and buy it themselves? They leave 3 billion of likely profit on the table when they could have bought it and shelved it for when their mine ran out (or operate in tandem right away) for a measily 1 million?

Collosal blunder would be understimating it...

Who would know better about mining under Miami than the local producers? Why did they pass? I don't claim to know, but unless they are really stupid, am I crazy to not blindly accept that a few holes and some relatively minor work will yeild us such massive return. What don't we know?

I'm not against making money and am hopeful that all this comes true, but I am a skeptic at heart - not going to get my hopes up until we have something more concrete.

Why even sell it - maybe take a partner and mine it. Sounds like a quick mine build - drill, inject and extract - then repeat.