TSXV:AAA.P - Post by User
Comment by
rythmanon Dec 03, 2013 2:01pm
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Post# 21964874
RE:RE:thanx JR and Bob
RE:RE:thanx JR and Bob
Nonsense, notice that it is discounted to 10% of the resource value.
Consider this:
30 million of proven tonnes of potash
multiply by the current sale price of potash ie :$307 pr tonne
equals 10.5 billion dollars.
$635 million capex,
$100 million shareholder value at .32
It's obvious, this is a 10 billion dollar asset which would cost 635 million capital expenditure to produce. Current shareholders value is $100 million.
So for about 735 million dollars someone could buy this 10 billion dollar asset and get a sifnificant return. Even if they buy current shareholders out at $1.00 each the totat cost would be about 1 billion.
thats a ten to one return. If I had a billion dollars I would buy every share for a buck today. Luckily for us the Nova shareholders are not committed to the project and we can buy these shares today at .32. I see a three bagger here. Hope you do too!
rythman