hrattle lets talk real numbersinvestors don't look backwards only forwards
through i has been a lousy ride
but the future look bride
last quarter of losses coming
next quarter breakeven and next year profit
facts:
1) if snow lake is not financed by the end of the year company is dead !
2) if snow lake is financed by the end of the year this will be a big winner !!!!
figures
lets look at it with prices of gold arount 1650 i don't think the bullrun is over so the next years gold will go over 2000
cost:
snow lake financed debt 50 milj payback 150 milj (worst case)
5 year live time for the mine can be extended to 10 years with 15 milj drilling a year so 10 years makes 150 milj cost
other costs management alexis 5 milj a year makes 50 milj ten years
profit:
80000 for ten years makes 800 000 ounces at cash cost worst case 900 this is not quebec but easy to mine completely diffirent it is in situ
so on ten years makes 800 000 * 750 profit makes 600 000 000
- 150 -150 -5 makes 250 miljoen net profit on ten years makes 25 milj a year
10 times net earnings makes market cap of 250 milj
this without a pos lac herbin next year, worst case cost calculation and not counting on a rising gold price
market cap now 35 to 250 milj so minimum 7fold !!!!!!!!!!!!!!!!!!!!!!!!!!
this what is all about snow lake !!!!!!!!!!!!!!!!!!!!!!!!!!
so put in now 20000$ makes you 120000$