GREY:CCNMF - Post by User
Comment by
AARMYon Feb 15, 2005 2:41pm
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Post# 8595853
RE: DIAMONDS - CAA & BL
RE: DIAMONDS - CAA & BLHow about this Hal,
HUDBAY (ontzinc) is now a public company that must disclose PROFITS. Ontzinc has to start paying all that debt back don't they?? How are they going to do that with no profits??? Why is OTZ doing well of late if they purchased a non-profitable mine.
Chew on this. The Ontzinc mine, within 2 years, will show a profit of 30-60 million per year. Do the math and you come up with 2-4 million in revenue for CAA. A far cry from the 0.25cent /tonne royalty they are getting now. Time will tell, but please explain to me how Ontzinc will hide they're profits now.
Cheers!!!!