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Gold/Mining/Energy : CVR: V Consolidated Viscount Resources - Ringer??? -- Ignore unavailable to you. Want to Upgrade?

To: bc who wrote (378)	11/27/1997 9:27:00 PM
From: Semyon Kuretsky	Read Replies (1) \| Respond to of 409

Happy Thanksgiving to All ! I'm with this company since last Oct. when Mike started this thread (Mike, no hard feelings) and averaged down ever since... I know, this stock did not keep investors happy so far but, I think the company is turning the corner now... and soon our patience will be well rewarded (IMHO). CVR is in the process to finalize buyout deal with their current Mexican partner (tomato grower, holding 50% of all 17 properties and 25% of the gold mine?). when this is done they are ready to form a JV with a new partner - mining company...with lots of cash and big following ....by funds and analysts... The gold mine will start producing (imo) after the Holiday Season and will generate cash... All other properties may start to shine but the REAL STAR will be the SCANDIUM... Company made a very smart strategic move by acquiring additional leases since they received inquiries for scandium supplies... Even if we would have only 800,000 tons of scandium with 1.5 oz/t , it would be commercially feasible and very profitable to put out a mine... ( How much it will cost and how long it will take to build a mine?? can anybody help??) 800,000 * 1.5 oz * $200 /2 (partner's share) = 120m: long term earnings for CVR The demand for scandium is 25,000-50,000 LB /annually and there is no other sourcein NA to supply this mineral.... CVR claims that they have proven 3,000,000 tons of scandium this will keep the mine going for 11years.. with annual earnings: 25,000 LB * 16 = 400,000 oz * 200 / 2 = 40,000,000 / 4,000,000 shares = 10/share earnings!!! * (PE=20-30??) can they produce 25,000LB = 400,000 oz /year ?? 400,000 / 12 = 33,333 per month so it is required to put thru 33,000 tons per month, 1111 tons / day ? Just imagine what will be a share price of this company in 2 years from now??? Could be a BIG STORY !!!