TSXV:CAV.H - Post by User
Comment by
mining_pays_my_billson Jan 16, 2014 12:43pm
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Post# 22099533
RE:Snippet of News
RE:Snippet of News
@duval2002- While I support BAJ and hope it succeeds I think there's a few misleading figures in your post.
I checked the link and the original article is in spanish, so I think some figures have been lost in translation.
First, BAJ will not produce "56 000 700 tonnes of copper concentrate in the first year of operation". Codelco, the world's top copper producer only produces about 2 000 000 tons per year at all of their operations combined. So maybe that figure should read 56 000 tonnes? That makes more sense to me.
Also the value of the mine complex you stated at valued at "700 thousand million", that's 700 billion dollars- which would make it over 10 times more expensive than even the most expensive resource project in the world. The mine complex is probably more like 700 million $.
No offense intended, i just think we all need to be aware of what we are investing in, and make decisions accordingly. If those numbers were actually true, and BAJ had a share price of 1 cent, I'd pour my life savings into it because it would be the most undervalued company in existence.