![](https://investorshub.advfn.com/uicon/22940.png?cb=1695739479)
Tuesday, January 04, 2011 2:08:47 PM
I wanted to zone in/confirm on what potential cost for Copper extraction would be.
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
Last Shot Hydration Drink Announced as Official Sponsor of Red River Athletic Conference • EQLB • Jun 20, 2024 2:38 PM
ATWEC Announces Major Acquisition and Lays Out Strategic Growth Plans • ATWT • Jun 20, 2024 7:09 AM
North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • NBRI • Jun 18, 2024 9:18 AM
VAYK Assembling New Management Team for $64 Billion Domestic Market • VAYK • Jun 18, 2024 9:00 AM
Fifty 1 Labs, Inc Announces Acquisition of Drago Knives, LLC • CAFI • Jun 18, 2024 8:45 AM
Hydromer Announces Attainment of ISO 13485 Certification • HYDI • Jun 17, 2024 9:22 AM