RE:I will give you an analysis. This is for all those who CAN'TYOU GO GET'M TOPS! TEACH THOSE FOOLS
topadvisor1 wrote: AND DON'T KNOW THE VALUE DEPOSITS THAT IVN HAS AND WHY I SAY 40 DOLLARS COULD BE THE LOW IN A FEW YEARS. I will start with what we all have heard about; the famous VOISEY'S BAY DEPOSIT. Here is where it gets interesting. It was bought out in 1996 by Inco from Diamond Fields for 4.5 BILLION DOLLARS. Now that is not what is interesting. I will break it down for you all, but I doubt most will understand it since I already know your posts and what you say, but here it goes. The deposit had 141 MILLION tonnes grading 1.63% nickel and .85% copper. It also had a small amount of cobalt but only .09% not worth mentioning. 1.63% equals about 35.86 pounds /tonne and .85% equals about 18.7 pounds /tonne. That means that it had 5.056 billion pound of nickel and 2.636 billion pounds of copper contained in the WHOLE DEPOSIT. In 1996 the price of nickel was 3.85 dollars /pound and copper was 1.01 dollars/pound. that means the WHOLE DEPOSIT CONTAINED; 19.5 BILLION DOLARS WORTH OF NICKEL AND 2.64 BILLION DOLLARS WORTH OF COPPER. Together, the INGROUND VALUE I always talk about was about 22.14 BILLION DOLLARS. Now here is the interesting part. They received on the buyout 4.5 Billion dollars which is about 20.32% of that inground value. Now if you recall, I said if we received 6 to 8% of our inground value, it would be the lowest we would get and as you can clearly see, our deposit is hugely RICHER and many many times LARGER than Voisey. That is all I have to say. If you don't get it yet, YOU NEVER WILL