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Leeward Capital Corp LEWCF



GREY:LEWCF - Post by User

Bullboard Posts
Comment by hank2010on Apr 06, 2007 5:46pm
390 Views
Post# 12562911

RE: this is not speculation or heresay

RE: this is not speculation or heresay"Most of these Molymania opportunist type plays run cap in hand to Toronto to prostrate themselves to BLE,hoping for a buyout and I don't see it happening. Don't forget timing.By the time many of the grassroots plays bring any resource to production,the world will be awash in moly. Ble is in the driver's seat and they know it" I agree almost 100% with the above, Roscoe! several of the opportunists are well beyond the grassroots phase, but the next phase requires big dollar (+$100 million)financing to finish the permitting, build the concentrators, do the mine development etc. Neither BLE nor anyone else is going to take that step easily. LWC is unique, to my knowledge, in that if they chose to, BLE could make a deal with LWC and mine the LWC ore and truck it (200 to 400 ton capacity trucks) via private road the relatively short distance to the Endako facilities, saving that huge capital inveswtment. The LWC ore is much more gently dipping than the Endako ore bodies, thus lowering the stripping ratio (and therefore the costs) of mining compared to Endako. I spoke to pres. of LWC in Calgary last weekend at the show. He said they had all kinds of folks wanting to do a financing. He expected to deal with one of them "within a week or two." He has worked in the Endako area for a long time and knows what he is doing IMO.
Bullboard Posts