RE: RE: RE: RE: No thanxYa, thats the feeling i get regarding the price of gold as well. I think this fall might be a time for gold.
CTN is moving nice. You must be happy about that.
Since nothing is going on here we might as well discuss stocks (better than calling each other names).
Here are some figures for NDX:
Full production of 150k tons per year times $90 profit/ton would be profit of $13,500,000 per year.
Divided by 50 million shares fully diluted is earnings of 27 cents per year.
Now, put whatever P/E you want on that, say a P/E of 10 would be share price of $2.70
P/E of 5 would be share price of $1.35
Acquiring more area and expanding production makes it even better.
150/ton is a conservative estimate. They have 2 contracts in place to sell coal, one for 150, the other for 150 for six months at which point could go to spot pricing which is over 200.
production starting any day.