posted on
Sep 27, 2010 07:39AM
Welcome To The Prophecy Resources HUB On AGORACOM
1.4 billion tonnes of coal need I say more? If so keep on reading.
Message: Re: Hmmmn
There are a lot of shares out FD. But they also have over $100B of metal. If they chose to forward sell their metal (When they get a little closer to production) they are still sitting on something on the order of $2B Profit easy. I can't recall exactly but I was making conservative estimates assuming 80% recovery rates and so on. They should have some Met results from the bio leach on Lynn Lake this month and that will give us a better idea of where we stand. Also look for some Good news next month and the assays from Lynn Lake should be out in December. And don't forget that it took SGQ about 6 months to get their mining permit. PCY put in for their last permit a month or two ago so If all goes well we should have the final go from the Govt. in Feb. or so. If you see how much our coal is being valued at it's enough to make you sick. Something like .053 per ton. Compare that with SGQ's coal that is valued at closer to $5.
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