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Message: Re: Billion dollar question ?

Nov 06, 2008 05:10AM

Nov 06, 2008 06:55AM
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Nov 06, 2008 07:16AM

Nov 06, 2008 07:48AM

Nov 06, 2008 10:49AM
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Nov 06, 2008 11:56AM
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Nov 06, 2008 03:30PM

Why on Earth would anyone right now buy-out a junior that would cost approximately $1B +++ (assuming NO used equipment) to become a mine, that would not be operational for years to come ? Even used equipment will cost hundreds of millions of dollars !

gee thats simple to answer... tcm has multiple mines and

loads of overhead and bills lol!! and is struggling

to surpass 30 million pounds.

ttq on one simple operation shallow open pit can mine

.0006 x 2204 x 60,000 tonnes x 340 days = 27 million pounds,

and at 90,000 tonnes expandable = incredible 40 million pounds

Basically they could pass TCM by a long shot with one simple

mine..... excluding the other two anomalies.

ALSO, WE AWAIT the jv announcement, the lead time on

componet parts would make us mineable in 2011.

YOu failed and mislead people about mol at 119 million

shares, and failed to explain they are about a $billion

Australian shortfall, plus the fact the grade is lower

and the first year at best is 5 million pounds and the

average therafter is 24 million pounds.

So in summary the other day, you may have lead some people

into a suckers rally at mol to lose 25% of their money.

MOL has banks money, and they have to pay interest,

whether they get the other $billion or not.

Meanwhile ttq has cash and no debt.

We await the jv announcement to put light on the real

story whilst CC IS PLANNING to buy your shares traderdad.

Atb

Sandy9


Nov 07, 2008 02:40AM
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Nov 07, 2008 08:45AM
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