RE: costs and cash flowsI just noticed that the web site said 4.5 million lbs of moly production per year, that is a significant increase. I guess i just don't agree with your analysis and the company does not either because they suggest they price per pound of production will be under a dollar.
Considering the fact that they already have a mine in production, they have greater then a 20 year mine life, they have expanded the resource with high grade reserves that they are currently drilling out. I believe your information is incorrect and does not align itself with the current company presentations.
Additionally, since none of us has the capital to own an entire project you really need to consider the amount of capital that is required to bring the project online. If you dilute a 30 million company by a billion dollars what do you have left???
Also smart guys like teck have recently backed out of large projects because of costs and poor project design. You napkin analysis will not prove up much better.
The bottom line is this TKO claims they will be producing for about 1 dollar a pound, do you know better? this is based on estimates of a working mine, and expert management who have actually operated mine, Not the analysis of promoters.
TKO has a 20 year mine life, the only reason it is not longer is that they have not lowered the copper cutoff, this is a product of copper price and their operating efficiency.
TKO is permitted and in production, Prosperity is an idea, TKO is predictable because the expansion is ongoing and the results will be announced in next few quaters.
TKO is money in the bank the other companies you mentioned are a horse race.
TKO will happen in my life time, these other projects are Hopes and Dreams.