GREY:OXIHF - Post by User
Comment by
dwotherson Feb 14, 2007 4:37pm
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Post# 12236880
Off topic
Off topicJim,
Did you ever check out Roca, ROK on venture that I mentioned?
I just got back from the annual meeting and I think it will take off in the next week or two. I could be wrong, but within one week they will be releasing an update on the project. Most people are guessing the mill will be ready to operate later than it will be and I suspect when they realize it is on track to start end of April, beginning of May, the stock will start to climb.
I just posted a message on the AGM over on the ROK bullboard. I'm calculating $39 million in earnings for 2007 based on what I learned at the AGM, and the market cap is around $82 million. And I suspect they will move from venture to the toronto stock exchange at some point this year. As soon as they sell their first batch of concentrate, they will qualify to apply for TSE, and they indicated that moving to the TSE is what they intend to do.
Also, they said they are getting about 4 calls per week looking to buy their moly concentrate. They already have a contract to sell all of it, but because of the real increase in calls looking for moly right now, they said that was what was happening before moly spiked to $40/lb.
Deborah