Bullbusch,
Nice pick up. I hope you are right. For what its worth, I am currently negotiating a financing package for an aggregate mining operation in the Dominican Republic. These are not easy deals to structure as the lenders are generally not securitized by the land alone, but also through first liens on the equipment and machinery. I have remained quiet through all the speculation as to why sell out for 200 million when the reserves are worth billions only because I am new to the board and am really only in the stock to try to benefit from the buyout. We are seeking $120 million in debt and equity for the project and we have secured the right to mine hundreds of square miles for aggregate. The reserves (150-200 year supply at 1 million tons a month)we have in the ground are also worth billions at $25/ton (conservative) in the Florida market, but if we were to sell out we realize we would only get several hundred million as well, not the billions in reserves. That is just how the valuations are done in the industry. It is a highly capital intensive business in which the purchaser would have to make significant capital investments to get the value out of the ground. I hope this helps some understand the business a little better. Have a great night.
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