GREY:LEWCF - Post by User
Post by
Bentonstockson Aug 14, 2007 4:40pm
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Post# 13244475
Speculation...
Speculation...Feel free to chqallenge me on this, and I welcome your input...
Let's assume that LWC delineates a 300 million tonne deposit grading 0.04% moly. Unless my calculator is wrong, that is roughly 254,000,000 lbs of Mo based on a conversion 2120lbs = 1 tonne (120,000 tonnes of Mo in a 300,000,000 million tonne deposit).
So my questions is, what would that be worth to TCM? It would not be the market value of Mo because they have to mine it, haul it, and process it, but even if the purcahsed the LWC deposit (possible 300 million tonnes) for $1/tonne, that still values LWC at just under $3.60/share based based 71,173,000 shares...
Where have I made a mistake?? The speculation on the size of the deposit comes directrly from a known source (we all know of him), who recently suggested to me that LWC would come up with 300-500 million tonnes deposit combining the know zones at Nithi, excluding Gamma West.
Thoughts anyone?? Stateside?
Regards,
B.