Post by
dangold2012 on Apr 05, 2020 5:08pm
trading at cash
Hard to believe rclf is trading at cash on hand,somewhere around 13-14 million. I have crunched some rough numbers and total cueq for the three deposits [so far ] inferred and indicated is somewhere around 700 million pounds. Without any more drilling or adding to the resource their is 1.4 billion dollars worth. If one was to look at the 30 mines [in the area] average resource growth through initial production to closing you would see the average growth was 3.2x the initial resource. I suspect these projects to have very low capex numbers and anticipate some exciting numbers in the upcoming pea"s for talbot tower rail . Looking at the numbers and the potential numbers it is easy to understand why instituitional shares held is 72% anyhoot glta and stay safe