TSXV:ICAU.H - Post by User
Comment by
rdwwwon Aug 13, 2007 3:26pm
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Post# 13238391
RE: New Kid in Town
RE: New Kid in TownGXM's rock for tungsten is $14 and for moly is $6 which gives $20. PRR's rock could be in excess of $100!
GXM can mine it for $9 to 10 cdn per tonne
PRR's cost - way higher w nowhere the infrastrucure in place to turn on tomorrow
CAPEX - i'd guess PRR will pay twice to set up camp what GXM might because of location and cost for building
low grade - huge tonnage is a wonderful thing