RE: marketing reportThe report states that estimate is between 50 and 75 USD per ton. If we multiply $100 cdn by 230k, we get $23 million cdn. I have no clue what the mining cost would be. In addition there will be marketing expenses, depreciation charges, stock options, bonuses, etc. Earnings may conservatively be in the .50 to .75 cdn range. A couple of years ago Phil Nesbitt did an analysis of mining costs. Does anyone still have these?
A p/e ratio of 3-4 is very low for a mining outfit. I think 10-20 is more reasonable, especially if you consider that there is the kaolinite potential which eventually will be mined. Therefore a stock price of $5+ is not unreasonable in the years to come based just on the quartz mining. As the report states, it will be 3 to 4 years before this production level will be achieved. All in all this report is very encouraging. What we need now is the expertise to bring this mine into production and some good IR.