Stoprunner @StopRunner $CNC Texmont, Mark Selby buys a project with a high grade resource and mining leases for $4 million. 28,000 meters of drilling not in the resource. 28,000 meters of drilling at $200 a meter is 5.6 million. He got the project for less than the cost of the extra drilling that was done and not included in the resource.
@StopRunner Texmont @ 5,000 tonnes a year at $28,000 a ton nickel is 140 million USD in revenue. I think he’s being too conservative but if the CAPEX is around $50 million thats very attractive.
@StopRunner Texmont @ 5,000 tonnes a year at $28,000 a ton nickel is 140 million USD in revenue. I think he’s being too conservative but if the CAPEX is around $50 million thats very attractive.