Leeward Capital Corp LEWCF

out to lunch... lurkerone - math and simple logic

[Bentonstocks]

This is taken right from the new release - pay close attention to the last sentence. "These sub-horizontal mineralized zones exposed on surface and are readily amenable to exploitation by open pit methods. The report includes a recommendation for 50 additional drillholes with the goals of expanding the reported resource and to upgrade the resource to the next category of drill indicated. For reference, moly prices are quoted per pound of moly oxide (MoO3), which is currently trading at $33.00 per pound, Thus, 0.028% Mo equates to 0.042% MoO3 or just under one pound per tonnes." To clarify, its actually moly oxide (MoO3)that is sold as the final product, not Mo. Moly oxide is currently selling for $33/lb, and 0.28%Mo, which is 0.042% MoO3, equates of 0.93lbs/tonne of moly oxide selling for $33/lb. Do your reaserch - check it out. LWC's projected cost to produce one pound of moly oxide, the final product, which also what TCM produces, and what their cost is, is $10/lb. So if $33/lb is the selling price, and $10/ lb is the cost to produce, that leaves $23/lb for development costs, profits, and taxes. These are facts, and this mathmatical deductive logic, so you tell me how this is not economic? You are telling me that $23/lb is not economic? Even if the price falls to $25/lb, that still leaves $15/lb... If LWC can delineate, let's say, 300 million tonnes of moly ore, grading 0.028% Mo (or higher, which is 0.042% MoO3), which is highly likely, that would contain 279 million pounds of moly oxide, which currently sells for $33/lb, and after cost of $10/lb, is worth $6.4 billion at current prices. For the sake of argument, knock the market price down to $25/lb from $33/lb for MoO3, and that would still be $4.2 billion... Its not going to cost anywhere $6.4 billion or even $4.2 billion to develop the mine... Maybe it would be 1 billion tops. You are telling me this is not economic??? Compare these numbers to TTM.... Call them and ask them and ask what it will cost them to produce one pound of moly oxide (Mo03). I am waiting... Regards, B.