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Leeward Capital Corp LEWCF



GREY:LEWCF - Post by User

Bullboard Posts
Comment by Bentonstockson Aug 14, 2007 10:11pm
184 Views
Post# 13246047

RE: TCM needs Leeward''''s deposit

RE: TCM needs Leeward''''s depositNice to see we're getting some basher action... 27 years??? Maybe for the company, but not for Endako. TCM recently announced a new measured and drill indicated resource of 492 million tonnes of 0.043% Mo at a cutoff grade of 0.02% which it believes will extend Endako's mine life well beyond 2013. Better get your facts straight... But good effort. And as VT1 mentioned, production costs at Endako are just under $8/lb, which is the figure used by LWC for a deposit which begins right at surface and is easily mineable. People do not get it that the economics of deposits are not standard... That is why we do feasibilty studies. The virtue of Nithi will be its low cost to mine. At any rate, even if LWC's Nithi moly is only valued at $1/lb (I use this after costs low figure to make a point), without any futher dilution we are still talking $4/share... Regards, B.
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