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brightguy

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brightguy

Re: leverage102 post# 46932

Tuesday, 07/29/2014 9:30:50 AM

Tuesday, July 29, 2014 9:30:50 AM

Post# of 71937
That $11 billion CD does not take into consideration several factors...current prices of those minerals,currency deflation and most importantly the time and cost of recovering those minerals.The estimate of Cerium alone requires the mining of 25 million tons of ore!!Can you give us an estimate as to what it costs to mine and process 25 million tons of ore??Now you know why this IPO is dead on arrival!!Costs do not justify anyone mining this claim!!
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