Replies to post #11913 on International Star Inc (ILST)

[rbtree]

Correct. I suggest you read the article which
I linked to. Slowly.

Shea's claim of $5m a year net profit is actually preposterous, at this early stage, as no feasibility study has been done. Further, permitting costs will prove to be far more costly that he has projected, and then the infrastructure costs are a factor to be considered. Even for a heap leach operation, the costs are going to be significant.

Last, one should be aware of the time frame from being at the current stage until production commences. Typically, this is 5-15 years. Shea's projection of two-three years is a pipe dream, sorry to say.

[MOMO]

and that is a low ball number imo

[Slojab]

Ahhhhh projections. Ya gotta love 'em.

That was the one thing I didn't think Shea was being realistic about.