Cadre Resources (CSL.V) Awaiting production #'s and Financ Message Board

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Gold/Mining/Energy : Cadre Resources (CSL.V) Awaiting production #'s and Financ

CSL 318.48

+0.6%

4:00 PM EST

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To: marcos who wrote (1202)	2/11/2005 7:20:21 PM
From: TrueScouse	Read Replies (1) of 1285

marcos (and Krikor): I've just taken a look at an older document that projects what the annual byproduct production might be at a rate of 10 million tons per year extracted from the Caroni. The figures are quite a shock! i.e. - Sand and Gravel: 8 to 10 million tons - Gold: 160,000 oz - Diamonds: 200,000 carats - Titanium concentrates: 100,000 tons Try working out the value of this yourselves at current prices! You end up with a gross profit well in excess of US$100 million per year and after-tax profit (cash flow) of about $60 million! So, suppose CSL gives up 20% of the project by jv'ing and dilutes to 20 million shares to help finance, you would get cash-flow per share of: $60 x 0.80 / 20 = US$2.40 = CDN$2.88 per share. In a hot market a mining share should be worth 20 x cash-flow, which leads to..... *$57.60 per share!!!!!!!* <vbg> Maybe my figures are all crap, but I have to say that this does give you an idea of the potential scale of this thing! i.e. We may be looking at a possible 100-bagger. Anyone who's not familiar with the CSL story should do their own DD. This is NOT a recommendation to buy CSL shares -- just MHO of the possibilities if the Caroni project does go through. Best regards, Howy

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