GREY:BNCIF - Post by User
Post by
GUNSSon Aug 14, 2014 10:01am
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Post# 22840943
My understanding is that the cost will be.....
My understanding is that the cost will be.....Of the range of $2.5-$5.0mm, my understanting is that it will be more like $3.0-$4.0mm. Anyway, assuming $5 million, that's still a small number compared to peers. And the press release said six months! That means we are in production sometime next year. Remember folks, look at Flinders Resources' (Sweden). They are entering production this summer. They told me a few months ago that the goal was to sell 10k tonnes in 2016!
We could be at 10k tonnes by 2016 as well. Flinders fully dilued market cap C$ 55 million. What's NRT's fully-diluted market cap? That stock tripled in CY 2014 on the march towards initial production.