fracsand-project study ?!
This e-mail I received from the company 2 weeks ago.
News from the fracsand project expected soon.
With some positive cashflow (30 million ?) of the sales of the frac sand in the near future we might expaxt a run uo in the shareprice.
Current market cap 14 million.....................
Dear Mr. ..............:
Outotec is currently completing the frac sand study which will give us an idea of annual tonnages, capital and operating costs and time to production. We expect this study will be complete this month and are very optimistic about the outcome.
My personal opinion is that both the metals and equities are now tremendously oversold, and will both bounce back. When, I don’t know. Here is a thought from Rik Visagie, an analyst at Octagon Capital:
“The recent decline in metal prices appears to be based on the view that the Western world is entering a period of deep recession and that China’s economy is coupled to the U.S. Consequently, China’s growth is expected to be severely curtailed, resulting in a decline in metal demand and huge surpluses of metal inventories in the coming years. However, while the West may indeed be in a deep recession, we believe that the Chinese economy will continue to consume ever-increasing amounts of the world’s resources in order to satisfy the demands of its 1.3-billion-strong populace.”
“While in the short term metal prices can drop much lower, we remain very bullish on metal prices because the current prices are choking off intermediate- to long-term supply. “
Thank you, and best regards,
Sean Stokes