Camrova Resources Inc V.CAV.H

10% worth $0.50 to 1.50$ per share

[blue_sea]

First of all the Koreans are surely not willing to give their majority-holding out of their hands. They know the whole project since a long time. When they decided to finance to rescue the project that means that they are not willing to give it out of hand. Not only because of the loss but because of the bargain when Boleo is in production.

El Boleo is a operation with a long life of mine, the financing costs will be generated fast. So why should they want to give there interests away. Further more I'm curious about the new technical reports and the calculations about the overrun costs and production costs. What is, when the new report proof that the overrun costs are not so high like the ones which triggered the panic selling?

 

Like being said El Boleo is a long term project with manganese as byproduct which means there is much room for the mid-tier producer in the valuation of its production. So set the case 100% would bring the price per share in the range of 5 to 15 bucks (hard to say because of the real production costs and gain, which mostly is different to calculated figures). Anyway, 10% of that would be worth
.50 to in the best case $1.50 per share for the old BAJ shareholders.

 

So at the current level the price is already a joke again because the Koreans will bring the project into production.