Post by
nofluff on Feb 13, 2018 3:18pm
The wait.
I am sure we could sell out for 50 cents to a major. That would likely be voted through. Some would take 20 cents. But not enough to pass. I am told management wants much more. So I could see us doing a staged jv.
stage 1: 20 million to drill out existing deposits up to 3 billion dollar resource at a 50.00 cutoff for 10%
stage 2: 50 million spent to get permits finish addit circuit and install all necessary mine equip including rail and barge for 40 more %.
That brings us to mine stage. Adia does the graminia infra.
At a 150 million per year profit divided by 2 for eps of 40 cents times 15 would be 6.00 per share.
I think tko should be our daddy.
nf
Comment by
Pezo_Plaka on Feb 13, 2018 3:48pm
NF wrote: "I am sure we could sell out for 50 cents to a major" I write: That works for me. Time's up on this. Use your connections NF and get the deal drafted !!