GREY:LBEFF - Post by User
Post by
northerngirlon Mar 17, 2007 8:25am
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Post# 12436098
loko says..regarding agreement
loko says..regarding agreement"As far as the offtake agreement concerns I still think it's a rip-off compared to the agreement most other Xstrata/Falconbridge co-owned companies have that can use a mill/smelter down the road."
Does he not realize that we get roughly 2/3 net of LME. This is a good NET value...NET NET NET!!! Xstrata starts off with something like 76% of Ni payable, then deducts a penalty of a given amount, deducts smelting of over $300 a tonne of concentrate, and deducts about .65 per lb of Ni refined for refining costs. The net is often less that 2/3 and as energy costs keep rising, the smelting charge will rise as well. ours...does not. Why doesn't he put out the Xstrata contract in detail and have fun breaking it down...
Remember as well, that besides being a good deal for us all..they were the ones who helped us get started...down a long road (actually not too long) to prosperity. With the price of Nickel today...we're laughing all the way to the bank...... I still say..when you look at where we're at..at our current s/p we're the best deal around...we're beyond exploration, we're a producer...(with no joint ventures..everything's all ours!!) with 2 more mines coming aboard and a growing bank acct......we don't have a lot of o/s shares considering where we are....we run a tight ship....how many o/s shares does CML have considering where they're at..and many more junior exploration companies have tonnes of o/s shares
People who have visited the Redstone site are indeed impressed...Timmins is booming and Liberty Mines is helping us out in that end and will continue to do so for a long time to come...