GREY:CTPMF - Post by User
Comment by
Mexicanelephanton Oct 22, 2008 2:08am
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Post# 15539532
RE: Aura Energy JV
RE: Aura Energy JVJust because you decide to spend $100m on a property doesn't mean it is worth that.
Otherwise Apple would sell the first iPhone for $150m
https://www.macrumors.com/2008/01/10/the-origins-and-development-of-the-iphone/
and remaining iPhones for the cost of materials+marketing+support...maybe $100
The technology is unproven, if Sino King proves the technology using Aura properties and deploys elsewhere the value is in the IP, not the resource.
It doesn't appear Aura completely fulfils Sino's mandate to source 16% of China's uranium