GREY:MLKKF - Post by User
Post by
leakeybillon May 17, 2006 4:35pm
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Post# 10869952
correction in post
correction in postToday was likely some forced selling on the ML stock for people who needed money to convert their warrents. ML had a production outage of more then 3 weeks will they upgrade so they had the capacity to produce 15 million pounds of cooper per year.
They will have 12 million in the bank, 3 million in debt, 60 million shares, feasibility for 60 million pound expansion due next month, already purchase the mill to go to 60 million pounds and start the moly/silver production.
The feasibility study is for the bankers, the mill upgrades of 60 million dollars will require them 3 months at full production to pay for it. Then they will earning about 240 million dollars a year with no debt and 60 million shares outstanding. This stock will be worth between 8 and 40 dollars make your guess.