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searay2701

09/15/12 1:55 PM

#112397 RE: Lumberg #112396

Lumberg, I pretty much agree with your last post. Who ever wins the bidding will be in that position to more or less dictate what they will pay for concessions, now is it is our concessions, it could probably change the amount we were considering we would have received for them to a much lower figure, in any case if our concessions were pursued by the winner, we could still get a figure as low as $5000 per concession, real low but 31000x$5000= 155000000/8000000000=.019375. As you can see I believe I have used a very conservative calculation, 31000 acres X $5000.00 per acre divided by 8 billion shares out which is an approximate amount of share out gives me my total of .019 ( cents ).
JUst a guess. That figure is still better than where we are now.
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gatorhistory

09/15/12 5:39 PM

#112409 RE: Lumberg #112396

Letting it just sit there doesn't make them money. Fact is whomever wins the bidding needs access to the lithium concessions owned by mmte and other companies like it.