RE: Economic Feasibility Study For McWatteraatozz,
I don't think McWaters costs are directly comparable because L2N is primarily millerite whereas McWaters is pendantalite(sp). (Better recovery for millerite). But for arguments sake lets say you are right.
Your numbers;
Gross Profit (before taxes etc) - $435,246,846
Number shares out – 72,400,000
Profit per share - $6.01
My numbers which take into consideration the additional 20-40 million tonnes at .4% to .51%. Let’s be conservative and split the difference, say 30 Million tonnes. All else being equal we get:
Gross Profit (before taxes etc) - $ 1,754,015,916
Number shares out – 72,400,000
Profit per share - $24.23
If your numbers and mythology are correct Langmuir is highly attractive with a value of about $6 per share. It becomes a slam dunk winner of about $24 per share for any company if the MIcon numbers are also accurate.
Driller