BB's Stock Haven

[jaybird249]

RAY.V $1.42 + $.62 $1.5 BILLION POTASH RESOURCE $8 Target 6 minutes ago
$1.5 BILLION POTASH discovey. Potash stocks have been hottest sector by far this year look at POT:NYSE chart. JUNIOR potash stocks on Canadian Venture Exchange are going crazy.
RAY.V will be $5 soon.
It traded 18 MM shares today on new potash sample results inferring a $1.5 Billion resource.. right next door to POT:NYSE properties. RAY will open at $2 tomorrow but going way higher- a stock with lesser resource PON.V went from $1 to $4 in a few days.

Yesterday, I signed up to receive updates from the company which necessitated leaving my phone number. I had a call after the close from James (I think that was his name) in the PR dept. Here's what I learned in our short conversation:

1) they have proven resources worth $1.5 B plus inferred which could take them to $3 B and a market cap under $50 M.

2) they are looking to be bought out

3) if they don't get a good buy out price, (close to $4.00) they will go it alone

4) he said RAY was in the "lower risk" category for a venture stock

5) they are expecting permits next month.

The above is to the best of my recollection. If anyone can add to this, please do. We're all here to learn and make money. How much does it cost to start a mine? How long does it take to start production? How much can you produce annually? etc etc.