TSXV:WMG.H - Post by User
Post by
splitcoreon May 12, 2014 12:29pm
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Post# 22551108
Battle
Battle
You know it's a 'toss of the dice' but I'm hoping we have loaded dice. Why spend money on two different services if there's a chance you don't have the money to spend?? Conclusion??? NVM does have the money. Why??? Cuz it's a done-deal!!! I hope. And you know what, the news could range anywhere from pooling all resources to get Scanmag up and running first then using revenues to build the Nevada plant. ORRRR, they could be planning on rushing to market by getting both operations up and running. Off-take deals??? With both mines producing 30k tonnes per year, the gross income is at least a 1/4 billion dollar figure. Production costs are unknown, but even at $.50/ lb, they are looking at net profit of $60. million per annum. That will pay the debts of both operations pretty quickly. Hey, but who knows what's really flowing down the conduit as I write?? Good luck to all and an especial merry Christmas to Tiny Tim and his family. Split.