RE:StoprunnerGood way to look at it. A producing Texmont for $140 million revs will give us at least $5 ballpark value for starters IMHO. This is a game changer for increased valuation once the financing gets worked out.
We may get caught off guard with markets recovering faster than we thought after today's inflation news possibly nearing the end of rate hikes.
NiCuAgFan wrote: @StopRunner $CNC Texmont, Mark Selby buys a project with a high grade resource and mining leases for $4 million. 28,000 meters of drilling not in the resource. 28,000 meters of drilling at $200 a meter is 5.6 million. He got the project for less than the cost of the extra drilling that was done and not included in the resource.
@StopRunner Texmont @ 5,000 tonnes a year at $28,000 a ton nickel is 140 million USD in revenue. I think he’s being too conservative but if the CAPEX is around $50 million thats very attractive.
@StopRunner Texmont @ 5,000 tonnes a year at $28,000 a ton nickel is 140 million USD in revenue. I think he’s being too conservative but if the CAPEX is around $50 million thats very attractive.