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