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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: Ed Ajootian who wrote (63408)	2/11/2009 7:15:05 PM
From: Valuepro	Read Replies (4) \| Respond to of 78418

Hi, Ed You know, the market is bipolar these days. Hard to tell how it will treat companies. However, under "normal" conditions, I'd say that Cardero should be worth around 5 bucks US when the deal is done, not considering that they own, I think, 4 million shares of ITH. The iron sands is where the big value is, and there is also the likelihood that progress here will add to value before the full 200 million is paid. If the scoping studies at the iron sands work out as expected, the sands could support multiple operations with an income stream lasting perhaps 50 years. Yes, getting any cash early is supportive of what I've been saying for months. The buyers are eager to get to work on this property so they can get some part of China's infrastructure spending.