RE:RE:RE:RE:RE:Historical Resource ?the_Chief wrote: the_Chief wrote: afterhours wrote: It's not speculation to say a company has no resource if they offer no evidence of same
You are making assumptions that CCB has a resource. That is pure speculation
That is what you do, you take the evidence and you speculate. The evidence is, they have 2 veins, 700meters long, about 7meters wide and at least 22m deep. thats 280,280 tons and at 8% thats aout 25,000 tons, so I am suggesting we have about 15,000 tons of concentrate.
Which at 3K per year is a 5 year resource. Speculation is what makes you money but I am sure you would not know that lol
Then you take 3000 tons at $12,000-$14,000 because like it or not its still a valid quote. Subtract about $3200 to thermally upgrade and you get a profit of $8,800 to $10,800
Thermal as you may or may not know is expensive in every province other then Quebec. Because they sell there excess electricity to NY for less then 5c every day, They make exceptional deals with businesses if they use alot of it.
Marble credits should knock off the cost from $3200 to something around $2500
So if you average that out at $10,000US profit per ton. on 3000 tons thats $30,000,000US
Which in todays Canuck environment is aout $38,000,000 Canuck
Which if you do any math whatsoever is 35c a share. Now because we will be producing next year, we should get a 5 multiple. $1.75 is the target for now.
However, thats not the end. If we get selected to be tested for Nuclear. Then the immediate demand is for 3000 tons with a follow on of 1 tons every year during the "3 year test".
If we are selected and the rumours are high that we may be. Then add another $5000US to our profit margin because we should be able to do $20K for the Nuclear Stuff per ton.
Meanwhile ZEN will be trying to get permits for alot of Acid that they said that you guys insisted they never used.
The 14 ain't LUVIN any of this lol
So whats happening right now? So many things its amazing lol
Right now we have Mr Lauzier and his Geo Crew cutting and drilling and trenching the west side of the property. At the same time TetraTech and SGS are cutting and trenching the east side and yes, from what I have heard some drilling as well.
TetraTech is using the proper process to define a 43-101 resource for veined property. Which involves alot of cross cutting. The trenches extend across VN6 and VN7 and are about 3meters deep, 4 meters wide and about 40 meters long. These are supposedly spaced about 50meters apart down the 700meter length of VN6 and 7
Sooo if you do some cursory math, what you get is 4x3x40x2.6=1248 tons of material. Most of it going through the 8-30% grades. So if you average that at 20% you have 250 tons per trench.
250 tons x 12 trenches = 3000 tons GEE THATS OUR FIRST YEARS PRODUCTION alteady to be crushed ROTFLMAO
Can you say "the 14 ain't LUVIN IT"? lol