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Re: ezphil post# 47

Wednesday, 01/20/2010 10:11:48 PM

Wednesday, January 20, 2010 10:11:48 PM

Post# of 178
Thank you very much, ezphil... so by the numbers, we could expect to see that there is an average between the 2 commodities of $20/lb.

6300 tons of metal X 2000 lbs./ton = 12,600,000 lbs. of metal...

12,600,000 lbs. of metal X $20/lb = $252,000,000.00 revenues...

Revenues X 21 years mine life = $5,292,000,000.00...

Inflation usually means higher prices so this projection is very conservative in my opinion.

Looks to be worth any shares I can buy under $1 and we have not begun to consider the manganese and other metal they find on the way to becoming the #1 producer of cobalt in the world!!!

"... With a little perspective you can live a life of permanent purpose... When you know that everything matters - that every move counts as much as any other - you will begin living a life of permanent purpose... "

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