Ok, I have a solution. I have a problem for Dave and Ralph to work on together.
Ralph, recalculate ore value (inferred) of Maskwa, with Ni at 3.20 and Pt/Pd at what, $380 ? and copper at .75.
Dave, given Ralph's calculations, and assuming the following:
1) CMR insiders want to get rich/are greedy
2) TSE vetted CMR financial structure in post Bre-X era and approved by giving listing
3) Ted is roaming the wilds of Canada buying mills and refineries, therefore assume the CMR projects are not 'paper houses' to draw unsuspecting investors in
Then, if the above assumptions hold, and ore value is calculated by Ralph as say $800 mil US, why does it take all summer (and more) to arrange $15 mil in finance?
Have the markets taken the summer off and no one realizes Ni is $3.20? Did the TSE screw up and list a fluff corporation? Does Ted buy mills and refineries to create an impression, rather than a reality of a mining house? Or is it normal to take 4 monhts to arrange finance?
TIA.
Ralph, do you think PGE have a lot of upside? The supply from Russia has been spotty for 2 years, so I thought Japanese had found alternate metals for industrial uses. |
