IKAR MINERAL CORP...(IKAR)..looks to be ready & surprising Message Board

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Microcap & Penny Stocks : IKAR MINERAL CORP...(IKAR)..looks to be ready & surprising

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To: Lee Bauer who wrote (37)	11/10/1997 9:40:00 PM
From: Ga Bard	Read Replies (1) of 188

Ok ... lets say that the earlier posts on what is actually in the ground is. Now if a country that is short on Tungsten reserve NEEDS the supply to meet the demand then Do you think a government would PAY up front for the ore with a Tungten shortage in the world. Now this does not take into consideration for any powder which 10% of mining the ore will generate and that sells for $12.50 lb. for 8 Billion pounds of powder. This is a bit different that other mining stocks they have GOVERNMENTS talking to them. Now lets say they buy half the Hard Rock ore up front before mining then IMMEDIATE REVENUES would be 600K tons times say $80.00 per ton = $48,000,000,000. Heck lets see 16 M issued 6 M in the float. I can't do it on the float calculator can't handle the zeros so I will do it on the issued 48000000000 / 16000000 = $3000.00 per share 100% 24000000000 / 16000000 = $1500.00 per share 50% 12000000000 / 16000000 = $750.00 per share 25% 6000000000 / 16000000 = $375.00 per share 12.5% 3000000000 / 16000000 = $187.5 per share 6.25% 1500000000 / 16000000 = $93.75 per share 3.12% Now that is just the TUNGSTEN ... this does not count Colbalt. Pig Iron, Silver, Gold, or any others. UNBELIEVEABLE ... Plus this is for only 20% of the concession in the property. I think you can possibly say this is a NO BRAINER. Heck they do not even have to mine this ore. Government will pay for the ore before it is mined to get the reserve for their reserve. Oh well ... People keep looking for the pie in the sky and when one hits them straight in the face they can't see it. GaBard

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