OTCPK:CNZCF - Post by User
Comment by
depthson May 31, 2017 12:26pm
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Post# 26306394
RE:Only so much to go around
RE:Only so much to go aroundStill desperately twisting in the wind with limited knowledge and contrived facts. I would be worried if I were you too. Its getting quite boring though. Perhaps you could expand on your "I am a GOD" posting. At least that insight was entertaining.
thepbay wrote: They have a 50K permit, that is all. They will not take 50K tons of the Bromley property this year, not feasible, I broke that down already. It doesn't matter how many distribution channels they have, because there is only so much to go around, so you supply what you can manage.
As for the Bromley property, there is 300K ish tons measured on 1.8H, which means, they need to drill and prove to the market the rest is there, not best guess. That is what compliant means. All things equal, there isn't much more than 3M tons on the 30.8H, so do the math.
As for the drilling, well that costs money, and will be shared with APL along with all the prep on the property.
Once the 750K is paid by APL for the 50-50 split, CNZ will be required to pay for equipment, transport, shipping, ect ect.
There will need to be money injected here sooner than later, especially if they are buying distribution. There is a long way to go here.
As for the Sungroup property, they need to lots of work to bring that resource up to a compliance level, never mind all the ceritificates that need to be complete.
Revenue is only so much, no matter how you slice it, and I don't see it being more than 1.9M for the year Gross, and that is selling all 50K tons, which won't happen this year.
pbay