Only 400%= not that much really Thanks Eigen for a good word .
Best wishes to you too.
No one can ban or acuse of slander people who say the truth .
Does the most powerfull bank in world which sues and is sued 24/7/365 , accused Matt Taibbi for slander in this article ? ( 6 pages)
https://www.rollingstone.com/politics/news/bank-of-america-too-crooked-to-fail-20120314
Despite calling the billionaires on top of BAC , a criminal enterprise . plus plenty other epithets ?
No, because he tells the truth .
Still free country , free speach anyways.
So ,I am and always have been OK
Beating a dead horse become boring plus our posts and all the BB
don't infuence ANYTHING WHATSOEVER.
I just achieved my goal there - riding it from $ 4 to 1.5 . exactly as I predicted.
I also said, that dog will stay between 1.5 - 2 max . .. for months if not years
Reality surpassed even my downside predictions.
Nothing gonna happen there either way = it is a loss of money and time .
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It is hard to find a future multibagger lately .
DM fits the bill, though the wave will be pretty long .and bumpy.
Doing my usual : bashing at top and pumping at bottom...... here we go :
Today, market pays NOTHING for TM resource despite PFS -in -progress - stage
and expanding resource by 60% to huge 1.3 bt
Market values DM at $ 300m = not even the amount of money they spend and will spend till June 2013 on TM
$ 215 m = advances by ANTO in various forms to DM / TM + $ 77 m for Franconia = 292 m + DM used at least 28 m from the $50m or so, it rised over the years
That's $ 320m = below book
Market attaches to TM's 1.3 b t resource at 1.5% Cu equiv. ZERO VALUE
NOTHING FOR the 18,5 mt Cu equivalent in situ x $ 8 k / t
Noting for the 40 billon lb Cu equiv x $ 4 /lb
Nothing , zero zip for that $ 150 b in ground at today's prices
Nothing , NOT EVEN 0.0001 CENT FOR 1 LB IN GROUND
NOTHING FOR $ 32 B NPV
NOTHING FOR $8 B NPV @ 10% DISCOUNT
NOTHING FOR FUTURE $1.7 B CASH FLOW
Nothing for TM`s 700m /y Cu equiv future production
Just values DM at the amount of money DM will spend on TM by 2013 .
Geeesus .... I love to get something for nothing
Especially when this ``something `` is worth $$ tens of billions
60% DM stake in TM is worth :
$ 90 B in ground at today`s prices
Usually market attaches at least 1/100 of above value
to a company at this stage = DM should have $900m cap ( $ 7 /sh ) at this stage
Instead, market values DM at 1/300 ( 0.3 % ) of DM's portion of metal in ground
One DM $ 2.1 share represents $ 300 of Cu equiv in ground @ today`s prices
Even better : this $ 300 is FREE in 1 DM share
Even after DM will get $ 1 b or so ( $ 7/sh ) for the 25% NAV in 2 years, the remaining 35% will represent still $ 32b in ground at today's prices
At 1/100 of that we still will have $ 320 m DM cap + the $ 1 b cash
This $ 1.3 b DM value ($+ 9 /sh ) after FS and BEFORE construction at 35% of TM
values TM at 3.9 b
Add $ 2.5 b capex = 6.4 b when in production.
Corresponds nicely to previous post stating that TM will be 1/2 ANTO 's
$ 12 b cap
Looks like only 400% from here ... really not that much given the wait time and bumpy ride.
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Note: the 1.5% Cu equiv was calculated 3 years ago at laughingly low metal prices .
So, IN REALITY THE 1.3 BT MULTIPLAYER WILL BE BIGGER THAN THAT .
IF IT WILL BE SAY,2%, ALL ABOVE NUMBERS WILL BE HIGHER BY 30%.