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AlwaysOptimistic

05/25/22 9:34 PM

#80553 RE: Demolition Man #80552

DM, I don't recall whether MS said the mine could be finished in 2 years from start of construction but that would be nice. Re share price, I have thought $20-$30/share is not out of the question once the mine is operational. I realize some on this board have better accounting skills to arrive at specific valuation but also realize that the stock market is unpredictable and irrational. Case in point Tesla and Twitter whose share price is not tied to traditional stock market valuation metrics.
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douginil

05/26/22 11:47 AM

#80574 RE: Demolition Man #80552

HI DM Yes my ears perked up when I think I heard him say 22 months to getting first ore, and then maybe a year to full production. Although the revenue from the "start-up" phase is considered as an off-set to the initial capital investment it is still cash flow into the project. Even 10%-25% of full production for a year would be nice "icing on the cake".