GREY:PWCRF - Post by User
Comment by
prospector11on Mar 28, 2011 5:35pm
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Post# 18352227
RE: too late to buy ?
RE: too late to buy ?You're right Teatime, its defenitely harder to DD this. Seems that each producer has to negotiate their own terms with buyer but the demand appears to be growing partly due to enviro needs. Found a few good sources for info and they all indicate that this is a growing area, as well as tantalum. The Congo is becoming taboo, putting upward pressure on pricing. This deposit looks like the real McKoy, the values a few folks have calculated seem very believable and are awesome indeed, even considering that they only hold a 70% int. from what I read. Easy mining, close to port, reasonably safe country, that's a lot of plusses. I wonder what sort of capital will be needed to bring this to production, inc. all refining plants? Their share float is fairly low and with a higher price to negotiate financing with the delution should be bareable. Hope I can afford to hop aboard and it doesn't leave me on the platform. GLTA