RE: What I like about UNBI agree Charles99,
This United Bolero Dev is a good play, especially with the metal around $35.00 per pound. Gives this project great potential. I like the supply / demand chart for Moly also! Thanks for the tip on ADM will do D.D. on this one!
Another company I have recently aquired also has great fundamental with an historical resource of 81.5mt equating to 225 million pounds of Moly(good chance 2X-4x this). It is a new rollin and is not known yet. Trading at only $0.22 share, 14 million Shares outstanding. A summary is as follows:
Torch River Resources (TCR) just acquired a Moly project from Red Bird. If one looks at the value of Moly... aprox. $35/ pound we have a potential of a very serious mining play. Whats nice about this play is its an historical deposit. Previously drilled by 2 reputable companies to show a 81.5 mt resource. No it is not 43-101 complient yet. This amounts to 225 million pounds of moly! If we take the aprox. net value (average)($28-$8(cost to produce) and multiply it out we get $4.5 Billion dollar value minus the capital costs of aprox. 300M$. Thats $4.2 Million Dollars not including the CU. If we divide aprox. 14 million shares we get a book value of $300 /share discount 95% gives us a potential share price of $15/share. Great value Now at only $0.22/ share. Great potential to drill and increase the tonage on this project(X2-X4). Worth a look at Tech report on Sedar. Comments Welcome!
FundSpec