An undervalued stock.
Look at the facts:
*Raised the money needed for their joint venture themselves.
*Strong commitment to the success and bottomline of the company by the directors. ie. NO SALARIES ARE BEING PAID.
*Project is a Titanium mine; Titanium has gone up consistantly 3% every year except last year when it went up 30%.
*Not an exploration play they have 81 million tons of proven Titanium bearing mineral resources.
*Drilling was started in Dec. and is being done to prove resources up to somewhere between 200 - 400 million tons.
*Company and Principals well financed.
*Principals have extensive knowledge of mining Industry.
*Project in Colorado not some corrupt foreign country.
*Only 8.2 million shares issued and outstanding.
*Surface mining not hard rock.
*In the worst case senario for every ton of material processed they have a $7.00 net PROFIT. Given just the present reserves not proving up more $7.00 x 81,000,000 tons = $567,000,000.00 PROFIT! You do the math. |
