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Portex Minerals Inc STACF

Strategic Resources is a Canada based development company focused on vanadium, high purity iron & titanium, metals necessary for decarbonizing the global economy. The company¿s key projects are the construction ready BlackRock project in Quebec & the past producing Mustavaara mine in Finland. Strategic is working to secure a financing package to commence construction on the BlackRock project. Orion Mine Finance and Investissement Québec, both 41% shareholders of Strategic will form a key part of the planned financing package.


GREY:STACF - Post by User

Bullboard Posts
Comment by junior_mineron Mar 18, 2007 9:23am
197 Views
Post# 12438940

RE: You''''ve missed the point altogether.

RE: You''''ve missed the point altogether.Unbelievable comment from some kind of mining analyst. I don't follow the company, but just glancing their optimized NPV is enough: - They only report pre-tax IRR and NPV (which are already bad) - They use 2 year trailing and/or 3 year forward metal prices (but copper always 1.85) and still fail to show good NPV or IRR. - Bad IRR dictates there will be difficulties in debt financing. They are forced to hedge, and probably still issue mass of shares. - Using those mineral prices, there are tons of better companies. - Heck, even Roulston dislikes it. https://www.yukonzinc.com/documents/YZC-NR-2007-01-221.pdf However, I do admit you have contributed lots of good information about PAX.
Bullboard Posts