UNB stated that an ideal location to start the quarry will be in the vicinity of holes 133 and 134 since waste rock quantities overlying the moly material will be minimized in this area. Hole P 133 averaged 0.124% over its entire length from surface to 72 feet. Adjacent hole P-134 averaged 0.128% over the 60 feet from 12 to 72 feet. With Moly being at almost $35.00 / LB and if UNB is bringing a 1000 tons of 0.1% moly to the mill, we’re looking at approximately $30,000 US per day. Monthly that would be anywhere from $600,000 to $900,000 US. Yearly that would be approximately $7,200,000 to $10,800,000 US revenue stream.
The company is valued at approximately $2,155,000 CDN with it’s current share price. If UNB is bringing 1000 tons of moly to the mill per day, which would generate a revenue stream of $7,200,000 to $10,800,000 US, the share price should be .70 to .90 cents per share.
Keep in mind, I’m basing these #’s on conservative projections. Tonnage could be more, moly could be more or vice versa. I’m also basing these projections on what UNB currently has a stake in.
Also, don’t forget about the Cannivan Gulch molybdenum project which historical data suggests the deposit contains a drill indicated resource of over 360 million pounds of molybdenum metal that is minable by open pit methods."
Now I'm pretty confident in those #'s unless I'm missing something obvious(if so, please pipe up). Also, when I did this calculation, news of the new property hadn't come out yet so I haven't factored that into the overall share price.
got this off a Canadian site...
There is no substitute for conducting your own research
