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Bullboard - Stock Discussion Forum Union Bankshares Inc UNB

Union Bankshares, Inc. is a one-bank holding company whose sole subsidiary is Union Bank. Its business is that of a community bank in the financial services industry. The Union Bank provides full retail, commercial, municipal banking, and wealth management and trust services. It is providing retail banking services to individuals and commercial banking services to small and medium sized... see more

NDAQ:UNB - Post Discussion

Union Bankshares Inc > 20k a day at 30 moly NET
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Post by stockchimp on Nov 10, 2005 6:38pm

20k a day at 30 moly NET

Nothing 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.
Comment by palladn on Nov 10, 2005 6:53pm
Nothing 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 ...more  
Comment by palladn on Nov 10, 2005 6:55pm
Nothing 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 ...more  
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