PE pennies

[sweetpepperjam]

CNYC - Huge update..(IMHO)

RIGATONI Share Tuesday, January 04, 2011 1:45:13 PM
Re: None Post # of 170953

~CNYC, I just spoke with the company...

I wanted to zone in/confirm on what potential cost for Copper extraction

Since the mill is on site and the target is shallow, estimation of $1.50 per pound for costs.

That can drop dramatically when you add it the potential sales from Gold/Moly if it is present which looks apparent based on dd.

So, $4.50 a pound for copper or lets just use $3.50, so we have a $2.00 profit per pound. With 1.5 billion pounds estimated, lets use just 1 billion. That leaves us with 2 billion in profits and that does not include the whole property.

With an o/s of 100 mill(we are less than 70 mill) that equates to about $20.00 a share in copper.

I hope you are getting the picture here as to how cheap this still is imo.

I think I will add more here @ .35.


~Rig