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Re: jrlsss post# 6623

Thursday, 04/05/2012 3:30:08 PM

Thursday, April 05, 2012 3:30:08 PM

Post# of 62039
They made it clear in their filings there will be no dividend. When this operation gets going, I believe it's quite 'cash rich'. so if it costs you $1.50 to get the copper out and you sell it around $4... and you process 5.4M pounds of copper per year, then you're talking about having about $13-14M in cash on hand each year. If they aren't going to give a dividend, then that kind of cash can create GREAT expansion. If you put an aggressive valuation @ around .25 per share, that can go up tremendously if they use the cash wisely.

They mention it in the 10Q:

We do not intend to pay dividends in the future.

"We do not intend to pay dividends in the foreseeable future. Rather, we will retain earnings, if any, to fund our future growth and there is no assurance we will ever pay dividends in the future."

This is the reason that I think if these guys make the right moves (and I'm praying they will), this thing can go MUCH higher than even .25 in the next 1-2 years.

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