GREY:LEWCF - Post by User
Comment by
Bentonstockson Feb 22, 2008 10:25am
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Post# 14526918
RE: Taking Stock. For those doing real DD....
RE: Taking Stock. For those doing real DD....lurkerone,
Verify my facts... Call TCM and ask them what the final product is that they ship from their roasters... Check it out. LWC have taken the extra step of giving the investor the data needed to value their deposit in terms of the final product, because the true value of their property is the value of the end product, and because they have nothing to hide.
Intead of accusing me of lying or making stuff up, why don't you check it out first. Call any moly compnay and asking them what the final product is that is sold - is it Mo or MoO3? I dare you... Ask TTM what their average costs will be to produce a pound of moly oxide... What are you afraid of?
I may have got some of terminology a litle mixed up... I am not a financial analyst, but the numbers are correct.
Using your valuation, are you trying to tell me that $2.5 billion of moly oxide is only worth $18 million?? That seems a little far-fetched wouldn't you agree? Such low valuations may apply to companies like TTM, who will have to go underground to mine much of their deposit, which will make it significantly more costly to mine. LWC's deposits exists within 0 to 200 metres depth with favourable geometry. Why is it hard for you to understand taht the ecomonmics of the two projects are completely different?? Aples to apples my friend...
As for the valuation to 10%. I think you will find that Noront Resources is currently being valued that way, and it is a standard way for valuing NEW OPEN PITTABLE deposits before all of the studies are done...
Stop telling me do my research and start doing your own.
The logical way to defeat me is to disprove my facts with evidence. If you cannot do that, then it becomes illogical to deny my conclusions. Prove that my facts are wrong... I have made it very simple for you, so stop spewing hot air and do some real work. Start with the first... Call TCM and ask them what they ship from their roasters. I am waiting... By the way, LWC and currently having metallurgical tesing done on their ore, and preliminary results indicate he the recovery rates are quite high. Everything I have said is based on what I have been told by LWC...
Regards,
B.