TSX:SRU.UN - Post by User
Comment by
scanidoon Jun 03, 2007 10:29pm
261 Views
Post# 12885070
RE: Xfactor or KevinD - Calculations
RE: Xfactor or KevinD - Calculations15.2 Million TONNES not enough resources - or shall i say 33.531 BILLION POUNDS? You out of your mind if you think this is not enough! In comparison to other mining companies, SRU has a significant amount of metals to mine and the market cap of SRU is hugely undervalued.
From the 43-101 report it stated a $75.00 open pit operating cost and $110 underground mine operating cost. If we compare this amount to the value of the indicated metals defined in the 43-101 report it is extremely economical given the potential return.
Now on with the hard facts of what all these metals are worth. Kevin23 broke down the figures well and i think we need to understand how he came up with them.