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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (16613)8/13/2003 11:55:58 AM
From: TheBusDriver  Read Replies (1) | Respond to of 39344
 
Great pick CC...thanks....

Almost time for that famous saying!<g>

From Goldubg #135:

"We think that the Onca deposit alone could well reach 30-60 millions tons......

So assuming a conservative 5% of metal value and assuming that the current resources are moved to the proven category and that no additional resources are discovered at Onca, we end up with a valuation of US $450 millions or C$20 per share."

Care to up the share price estimate now?<g> Onca now 140M tons....I figure we are closer to $30/$35 per share now....

Wayne



To: Claude Cormier who wrote (16613)8/13/2003 11:56:53 AM
From: Louis V. Lambrecht  Read Replies (2) | Respond to of 39344
 
CNI, lets's see.
At 1.5% cutoff, these are inferred 80kg of nickel per share.
Say you sell the operation for 5% finder's fee = 4Kg/sh
At CAD 12000/ton, or CAD 12 a Kg, this would put the share at CAD 28.

Am I missing a decimal somewhere?



To: Claude Cormier who wrote (16613)8/13/2003 5:26:22 PM
From: Cogito Ergo Sum  Read Replies (1) | Respond to of 39344
 
Too bad I have so little. Nice call :o)


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