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

To: pogbull who wrote (1955)	4/26/2006 10:52:09 AM
From: HotnSpicy	Read Replies (2) \| Respond to of 3267

Pogbull, are you merely a GPXM pumper? You proffered clearly erroneous arguments even when you knew not what you talked about. Now you say you did some DD (boy, that's nice of you, but a tad late isn't it?) I clearly show how overvalued GPXM is in comparison to Roca. You don't dispute my numbers. But you say you are "disturbed" that Roca has to spend $14MM to install a 1,000 tpd mill (10 times bigger than GPXM's affair). And "disturbed" they will run on diesel generators? Hmmm. I think I'd be more "disturbed" at having to buy GPXM at 50% higher prices even though they will produce 30% less revenue in year one and at least 60% less in year two. (And that disparity will likely double in year two as Roca is only planning to start up one of their two 500tpd mills initially, but will likely be running the second 500tpd mill if prices remain robust. Remember, Roca is profitable at Moly prices above $4.50lb, so it is highly likely they will be firing up the second mill from the looks of things.)