RE:RE:RE:CNZ is a success story on the junior market......naimarantz wrote:
They have at least 546,000 tons on 30 hectares on Bromley Creek property that is waiting to go. The money coming in from the existing 30 hectare permit will far exceed the money required to increase the resource. 546,000 tons x $9 royalty + 18% average commission (on about $400/ ton minimum) =$44,200,000. With overhead included over a 5 year period it will be $43,500,000. To drill up an additional surface resource of 1.5m tons = 100 additional hectares. That will be cheap drilling and the 43-101 will be almost a carbon copy so costs will be cheap. Even with overhead it may be $4 million max over 1 year. So what to do with the extra 40 million? Consider too that the Bromley property is worth at least $1 million a hectare in profits so far and there are over 1000 hectares. Even if they only come up with 1/3 of that they will be looking at $400,000,000 in profits. Dividends........
pretty interesting information.