Welcome To The Bolero Resources HUB On AGORACOM
A junior natural resource company focused on the acquisition and exploration of precious and base metal properties in Canada and United States.
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Re: News

in response to Re: News by abbdb
posted on Mar 31, 08 08:27PM

 

If you take into account the total indicated for both CC and BB is about 393 millions lbs, plus the inferred is 217 million lbs. this is on the same scale as many of the Thompson Creek properities. Additional drilling will transfer the inferred to the indicated column.

400 millions lbs of moly at the current moly prices is worth $12 Billion to the majors. However, the value to the junior in the ground is about $.30. $.30 x 400million lbs gives a market cap of about $120 million dollars. Based on 85 million shares outstanding that works out to be about $1.42 per share

At some point, the economics of these properites become very compeliing to the majors.

 Regards

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