GREY:TSMNF - Post by User
Post by
whatsthebigdealon Feb 22, 2012 1:57pm
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Post# 19567933
Over 5 billion dollar value for Tosca's Red Hills.
Over 5 billion dollar value for Tosca's Red Hills. News out today with a resource... and a significant resource at that !
263.8 million tons is huge !!! And the moly grade is terrific!! And the recovery is around 90%, which is fantastic...
- Red Hills Mineral Resources
| Category | Cutoff
(%MoEq*) | Tons
(million) | %MoEq | %Mo | lbs. Mo
(million) | %Cu | lbs. Cu
(million) |
| Indicated | 0.025 | 26.7 | 0.080 | 0.054 | 28.7 | 0.14 | 77.4 |
| Inferred | 0.025 | 263.8 | 0.056 | 0.051 | 268.5 | 0.03 | 151.3 |
| | | | | | | | |
| Indicated | 0.050 | 21.7 | 0.090 | 0.061 | 26.6 | 0.16 | 68.6 |
| Inferred | 0.050 | 149.8 | 0.073 | 0.069 | 206.6 | 0.02 | 68.2 |
Trying to do a little math here and my numbers are impressive... if you take the 'in ground' value of the resource I come up just over 5 billion dollars... If you only take 1% of that (because it is inferred) I get a value of 50 million dollars, which should get added to the Market Cap of Tosca.
If the significance of that is lost on you, that translates to a 'fully diluted' valuation of Tosca of over $1 - this company should be 5 times what it is worth.
Tell me where I'm going wrong here!!