GREY:NATUF - Post by User
Comment by
lurkeroneon Feb 28, 2009 12:10pm
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Post# 15810890
RE: RE: N.A. Tungsten earns $4.92-mill
RE: RE: N.A. Tungsten earns $4.92-millTelemarket, assume you realize SUL will have to issue equity to build a mine at Jersey-Emerald as well. I think if you compared the capex for a mine divided into the insitu value of the resource, that Mactung will have a much much lower ratio of capex dollar per dollar in the ground than Sultan's deposit. Its all realative. $400MM capex taken into context of the value of metal there (several Billion $$$) makes the number a lot smaller.....
If Sul was looking at $90MM capex with $250MM insitu metal value would that be a better deal than NTC with $400MM capex with $2 Billion mineable resource??
lurk