Some Simple Math......This geology report states that..."Based on results of drilling to date, an inferred mineral resource of 16.3 million tonnes of quartz breccia..." In a previous news release a conservative price for this quartz is between 50 - 75 US$ per tonne. Using 50$, and assume there is a market for it over the next 15 or so years, does this mean there is a deposit worth a value of $815,000,000?????????????
I realize there is more to stock and company valuation then this math like projecting the annual cash flow and discounting them over time but 16,000,000 million tonnes is a huge deposit. Is there even a doubt that this is going to fly??? Anyone have an idea about how much financing BBS will need?
TOB