RE: 20k a day at 30 moly NETNothing to sneeze at. I do believe that 384,000 tonnes at 1000 a day is 384 days of production. Taking an average moly price of 30 bucks you would get 7.7 million profit ...at 34 moly it works out to 11.5 million. this is just on Pateneted claims. The deposit is thought to extend well into the BLM land (old Gulf hole on BLM land showed a high grade hole over the border in same area). If they get permits (thought to take a few months) the deposit could be twice as large almost. As well, the Sudbury property is !0 times the grade and is showing at surface as well. At 34 moly UNB earns 12 cents a share this year and that should have a multiople attached higher than 2. The old saying says it all " a bird in the hand is better than 2 in the bush"....and the bird has landed on our fingertips.
Great summarization stockchimp!
I like the historical 14 x earnings stock price, but that might take a bit... 8-10x would be nice... .96 - 1.20 u.s.
All without the Oil & Gas well(s) and 10x Mo grade Chong prop:
"The Chong property has the potential to host a good grade, near-surface, molybdenum deposit. Newly constructed logging roads provide access into the immediate area and connect to the Sudbury Regional roads network and its world-class mining infrastructure."
'In Hand Reality Ca$hflow vs. Dream in the Bush'
Negative cashflow/dilution ending very soon, if it hasnt already !!!
https://www.unitedbolero.com/news.cfm?ID=36 (Chong NR)