Post by
canonical on Nov 09, 2005 3:28pm
UNB no Mickey Mouse
This particular toy [quarry, if you must belittle it] appears [based on company figures] to have a gross value of around 2$ Billion of Molybdenum [est $30/lb]. The independent 43-101, when we see it, will undoubtedly clarify UNBs claims - even ratify them. In fact, without any of the other properties, this toy is no mickeymouse. It just lacks a commitment to the usual heavy production costs and investment overhead - which makes it all the more valuable to investors - and all the more mystifying to traders.
Comment by
palladn on Nov 09, 2005 7:36pm
Correction: 'Potential' producers.