Re: You have to love this quote
in response to
by
posted on
Nov 16, 2011 05:18PM
Edit this title from the Fast Facts Section
There is no need to speculate. Pursuant to the terms of the agreement with TNX, the Chinese company is at least two years from contemplating production. Besides that is a nickel project. How much cash does TRX really expect to generate from a 3% or 4% net royalty on a commodity that this trading for $8/lb? STAMICO estimates that the cost of the Buckreef redevelopment will be $280 million. Somehow I doubt that the royalty for the nickel project will cover that.