Mike you are right,
we have lots of reasons to be upset, disappointed and angry...
But there is something that all of us believe in: the company's valuable properties and eventually this value will be reflected in the stock price..
T.G (tomato grower) did not seem to support CVR's effort in the gold mine start up and did nor give up immediately their rights (maybe pending Connecot's decision to exercise their option). Now, when Connecot's story is behind us, the deal with T.G. is moving ahead
and should be concluded soon (although I heard that the Connecot report was good anyway..).
With the new JV partner the situation will be changed... and we will see a lot of positive developments in Mexico... which will take our stock to a $4-5 level
The scandium story will start unfolding in about 5-6 months when the first phase of the exploration effort will be concluded... But even now, if we believe that CVR has about 3,000,000 tons of scandium bearing ore with 1.5 - 2 oz of scandium/ton,
we should believe in the great future of this company.. because 3mm tons can produce at least 900,000,000 in earnings for the duration of this mine and 450mm to each partner!!!
Even if to set up a mine would cost 20mm, it would be well worth it and not difficult to find a partner??
If production rate is 25,000LB annually = 400,000 oz, then an annual earnings should be
about $10/share...
Please tell me where I'm wrong ??
Regards,
Sam (excited, feel need some cold shower..)
P.S. Correction to the previous post:
400,000 oz with the content of 1.5 oz/ton will need to process
27,000 tons annually
which is 23,000 /mo, 740 tons/day |
