Re: Billion dollar question ?
in response to
by
posted on
Nov 06, 2008 04:16PM
(Edit this Message from the "Fast Facts" Section)
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