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Highbank Resources Ltd V.HBK

Alternate Symbol(s):  HBKRF

Highbank Resources Ltd is engaged in the business of acquisition, exploration, and development of mineral resource properties in Canada. The company's project includes the Swamp Point North project.


TSXV:HBK - Post by User

Bullboard Posts
Comment by Caritas3on Aug 12, 2014 11:47am
260 Views
Post# 22832401

RE:RE:RE:RE:RE:RE:barge on way

RE:RE:RE:RE:RE:RE:barge on wayI believe the original contract price was $22.50/ton for a 100,000 ton order. Since then...HBK received another 50,000 ton order from Fraser. I also believe the price/ton for the additional order is at a higher level. Going forward...based on market conditions...I think by the time HBK gets into full production the price/ton will be in the $40 range. Hence, my calculation from my post earlier this morning. I think this is also why in Gary's latest Excel spreadsheet scenarios; he used prices all the way up to $50/ton.At $50/ton based on Gary's assumptions of consumption...IRR would be at an excellent level of 120%. I am surprised there hasn't been more discussion on this board concerning these kind of numbers. In my opinion, this is where we're going in the next couple of years. This is vital information in determining a fair value for our company. And based on Gary's recent Excel presentation...the company is worth much...much more than where we are at now!! Let's say for starters...and a round number...10 times where we are trading now!!! JMHOs. DYDD. 
Bullboard Posts