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: Ga Bard who wrote (38)	11/11/1997 12:50:00 AM
From: C. Riley	Read Replies (1) of 188

TRY $15 PER TON --- IF YOU'RE LUCKY... If you check the existing tungsten mining companies (other than IKAR) you will also note that: 1. IF the reserves are of HIGH grade 2. IF the reserves are accessible year round 3. IF the reserves are not radioactive then: 1. The ore may be worth $55 per MTU. 2. And the expenses to mine each MTU will likely be $40 or MORE. That leaves maybe $15 per ton of ore in profits, and you won't get any $$$ any faster than it can be dug out of the ground. However, it is rare to find a tungsten mining company that is earning a profit these days. TUNGSTEN MINES ARE NOTORIOUSLY EXPENSIVE!! Caution and good luck!

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