First Tidal Acquisition Corp T.AAA

Primary Symbol: V.AAA.P

First Tidal Acquisition Corp. is a Canada-based capital pool company. The Company is formed for the purpose of identification and evaluation of assets or businesses with a view to completing a qualifying transaction. The Company has not commenced any operations nor generated any revenue.

TSXV:AAA.P - Post by User

First Tidal Acquisition Corp

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Post by aaa-ftwon Feb 22, 2011 9:57am

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Post# 18172611

Could we do 10Mt / Year?

Given that STB is considering producing up to 10Mt / year from their Colulli deposits in Eritrea, is there any reason why AAA would not be able to achieve the same production levels. According to their presentation, they claim their deposits are shallower but, given that both AAA and STB wll probably do open pit mines, does that really make a difference.

https://www.southbouldermines.com.au/images/uploads/110222_Investor_Presentation_.pdf?phpMyAdmin=1bd01278398afe2def79ae9abee3d160

More importantly, if there is no good reason not to go twell beyond 2 - 3 Mt / year, what does that do to the potential share price. Using Karmanow's/Rodin's assumptions but at a 10Mt / year production level, I tried to do a back-of-the-napkin calculation but I started to hyperventilate so I stopped