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Bullboard - Stock Discussion Forum PhosCan Chemical Corp PCCLF

GREY:PCCLF - Post Discussion

PhosCan Chemical Corp > CASH in Bank - $0.36 per Share
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Post by BennyFarms on Jan 28, 2013 9:29am

CASH in Bank - $0.36 per Share

Phoscan has spent over to $90 million on their Phosphate project yet the market doesn't even give them 100% value for their cash ($60 Million)  in the bank = $0.36 per share. Thsi makes no sense and creates opportunities for astute investors.
Comment by specboy2011 on Jan 28, 2013 10:41am
And that is a huge reason to own this stock.It has a huge discount due to mgt not delivering anything the past 3 years.But my guess he will soon.There is no country risk in this stock like location in Africa China opther hotspots.Only project is in Canada.Cash in Canadian banks......Heck Sprott could offer 50 cents a share for everything they don't own pay for it with aquired cash still have ...more  
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