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Re: hispeedsoul post# 120677

Tuesday, 08/14/2012 7:27:05 AM

Tuesday, August 14, 2012 7:27:05 AM

Post# of 165875
Thanks. Folks here may not know that I am already on record in the last few days as calling for a "rock bottom target price of .59 per share." More likely is .80 to $1. That is just from doing the math, assuming a 50/50 JV, 5K tpd, $20 niobium, 40% costs, and a PE of 6. If you want to raise the production, the price, or the PE, the share price goes up. If you want to consider the expandable resource in the 13.9km donut, the price goes up. If you want to consider other minerals of economic benefit such as REEs, the price goes up. Longer term, I think $3 - $5 is still very feasible .....





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