developbc wrote: Good points ARIMA11 and thanks to others as well. There is a LOT to be excited about. We know or ought to know to have this talent/skillset running this junior is simply unheard of...our CEO/VP and mgt team is over qualified so I have full confidence this will get permitted and offtakes in the very near future. Dropping the secondary processing & powerline...$3.5M capex w payback < 1Year. Incredible!
Doc I think mentioned annual earnings around $4.1M even after tax we are at $3.2M annum...earnings per share $3/share...assuming over optimistic..let's say $2earnings per share...can a stock be trading at $2 sp!?? Dividend this out to all the shareholders! It makes ZERO sense as Sean mentioned why would anyone trade/sell this when we are on the verge of take off.
Also, kudos to former CEO John DeJong..the reason I was very bullish from beginning and took a signficant position. You may be aware that John Dejong spearheaded ICG(recently got bought out by Eldorado $590M) and then handed it on a silver platter to his son, Steve Dejong. They are incredible and really like to thank them too for encouraging me in ICG and RRS :).
I think Arima11 concerns are valid but feel very confident we wll have LOI converted into solid offtakes as mgt appears to be in deep discussions with PCC and Thorsil and other mkt participants..
RRS plans to go into full production in 2018 so their strategy to get the mine producing Sept/Oct and get solid 6 weeks in before winter is very wise/prudent. It is more than apparent the mgt runs a tight ship and wants to be efficient...excellent stragegic move.
Mgt will work on the logistics as $26 cost ''at the gate'...buyers can be local/abroad so they will work out best cost strategy to ensure buyers 'landed price' will make sense. Most definitely we will not absorb that shipping cost :) .
Another key point...PEA is based on commodity being direct shipped as lump product after selective quarrying, primary crushing/screening by Contract Operator of the quarry. The huge bonus/gravy is the specialized group in secondary processing to target quartz countertops, speciality glasses, silicon carbine,engineered stone etc... this is NOT considered in our new PEA...this is above base case!
More and more smart money is coming on board (my friends lol). Heard few small investment captial firms are really liking the RRS story as they feel it is VERY solid.
All the best guys :)