Tuesday, May 23, 2006 4:17:19 PM
The news states $52,500 per day for the 1st vein. I would assume there will be a new processing plant for each vein; or possibly 1-2 more total plants depending on needs of processing for the next 3 veins for maximum output daily. The critical statement is $52,500 per day from the 1st vein, which is deemed very conservative. If the other 3 veins have similar reserve potential, bottomline for the 4 veins is +-$200K per day X 300+ days a year = $60 million in annual revenue (and that's conservative).
I use 300 days not 365 a year to be conservative(weather, some down time, etc.)
If investors do not see the potential now in this stock, they are blind !
As always, do your own due diligence as this is my opinion only.
Best Regards
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