Thursday, July 16, 2015 11:31:20 AM
In the article below the price of frac sand is mentioned to be about $50 per ton, so that would value the company's reserves, should they prove to be of the proper quality, at 500,000 tons x $50 = $25,000,000. And that is JUST SAND - there is still gold and diamonds. Very nice. BMIX
http://blogs.wsj.com/corporate-intelligence/2014/04/30/fracking-sends-sand-sales-soaring/
http://blogs.wsj.com/corporate-intelligence/2014/04/30/fracking-sends-sand-sales-soaring/
This post is my personal opinion. I do not provide investment advice.
i.t.m.d.
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