Post by
carter2 on Oct 01, 2024 3:36pm
When a person does some math
You have to believe that someone will want this deposit. 144 grams per ton X $2.64 per gram = $380.16 per ton. Let's say 40 million tons of ore.
that would make the deposit worth $15,206,400,000USD. Now divided that by the outstanding shares of 115,000,000 that gives you a share value of $132.2295 per share. That being said the lead zinc silver is worth as much doubling that number to having an in ground value of over 30 Billion USD. Now I believe Chucks words that he is going to make some millionaires, it's probably good for us all that the share price is to low to sell. Best time to sell is when Chuck sells. He will probably want more than the $60.00 per share he talked about. Just hope he doesn't get to greedy.
Comment by
Oregonduck on Oct 01, 2024 4:51pm
In 2022, the US imported US$60 million worth of germanium. The demand for both critical minerals by US manufacturers in 2022 is estimated at: gallium: US$225 million germanium: US$39 million (Source: Web)
Comment by
Waivergod on Oct 01, 2024 7:10pm
Yeah 60 per share seems like a stretch but man that would be awesome. Dareto dream
Comment by
carter2 on Oct 01, 2024 10:41pm
This is where the 43-101 Resource estimate would clear things up. The majors will be stepping up to the plate soon in my opinion, Sedex depot could be a hundred million tons. 5-10 % for an outright sale or what percentage would Chuck give up to a JV partner to brings this to production? 70%? Any thoughts.
Comment by
Massivesulfide on Oct 02, 2024 11:00am
Sounds positive but I don't think 100 million tons is on offer. That would be a David Copperfield level of subterfuge by Chuck and Chad to keep those quantities covert. Let's hope for 20 million and go from there.
Comment by
Waivergod on Oct 02, 2024 12:03pm
I just hope there is an offer