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Gold/Mining/Energy : The Molybdenum Discussion Board -- Ignore unavailable to you. Want to Upgrade?

To: HotnSpicy who wrote (1950)	4/24/2006 7:25:53 PM
From: aniela	Read Replies (1) \| Respond to of 3267

Can one buy Roca on a Us exchange ? thanks, wiesia

To: HotnSpicy who wrote (1950)	4/24/2006 9:33:36 PM
From: pogbull	Read Replies (1) \| Respond to of 3267

ROCAF.PK for those of us in the US it is a little scary trading the pink sheets. It doesn't look like they do much in the way of trading volume either which makes it hard to get in and out. Interesting work, does Roca have any other properties or are they a one trick pony? I like the fact that GPXM has the ability to exploit the gold and silver reserves at Mineral Ridge and at Ashdown. And then there is the possibility of proving up additional high grade Moly reserves at Ashdown.

To: HotnSpicy who wrote (1950)	4/26/2006 12:07:07 AM
From: pogbull	Read Replies (1) \| Respond to of 3267

Did a little more research on Roca and was a bit disturbed to find out that they still need $12 to $15 million USD to put their project into production. Also, noticed that they plan to used diesel generators for power. Every time I've owned a company that uses diesel generators they've experienced cost overruns--NEVER FAIL.

To: HotnSpicy who wrote (1950)	5/1/2006 2:13:01 AM
From: energyplay	Respond to of 3267

I think what might be missing is the assumptions that some of us are making that Ashdown has lots more very high grade rock. Make that material instead of rock. There aren't that many bore holes at Ashdown and the deposit is open at depth and not thightly defined on some sides, if I remember. The center of the deposit runs very high, maybe 18% or more. I expect GPXM may have to timber much of the high grade area - moly sulfate is a lubricant, and should slide - not like a real rock. I expect the actual "ore" will run over 5% for a few years. Much of the rock removed for access will be richer than most mines. With very rich ore, the pre-tax profit should be a very high percentage - maybe >12 million of the 20 million. That would mean a 5:1 p-e (pre-tax) , maybe 4:1 cash flow.