RE:RE:RE:ncunofluff wrote: Ncu has 0 earnings jc. So quite easy to 10 times 0.
Reality is this.
They r about break even on ug right now.
They r only weeks or maybe days from the second dyke pass which puts them at 2 drifts to the large high grade sugur cube.
To long stope the sugar cube, they need the paste plant. It us now commissioned. They also need the surface fans which did a dry run a month ago and r likely fully commissioned.
They need 4 million oer month on full steam to run mine. At full steam, they will run about a million per day. So about 25 million free cash.
They will write much capex off, so books will show less as earnings. Ebita will run about 50 cents cad by q4.
They are confident enough to put drill on the high grade op so ecconomic assesment can b completed.
Another drill has been put to work assesing more zone close to the sugarcube as well as defining tedyboy deposits a bit further out.
The program is big.
nf
Ha. Interesting. Ameritrade has them with a 97 PE. Wonder how they got that. Some questions, and please pardon my ignorance, I am not too proud to ask.
What is a "drift"?
$25 million per month? CAD? Is that what you are saying?
.50 in q4 alone, not up to .50 for the year?