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Strike Graphite Corp. (TSXV:SRK) Acquires Wagon Graphite Project in Quebec in Vicinity of Timcal's Lac des Iles Graphite Mine *CLIENT Read More  |  Profile

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McLaren Resources (CNSX:MCL) Drills 7.0 Grams Gold Over 7.4 Metres at the TimGinn Property Located Adjacent to the Hollinger Mine *CLIENT* Read More | Watch Beyond the Press Release

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Message: In response to Pasacancha

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In response to Pasacancha

posted on Dec 12, 07 05:49AM

Pasacancha said:

200 million tons at .07% moly using a low price of $15/lb could be worth about $3.70 / share (insitu and after tax). 400 million tons - $7.4 /share. Will this not be worth the wait!!! ??? Hopefully Guyana will come to a few million oz gold and that could add some nice value as well. Add our other projects to this value and things are looking very nice!

 

Just curious how you came up with that valuation? Considering Moly is going for close to $33/lb, your valuation seems to be on the conservative side. 

 

As for Guyana, I tend to think of it as icing on the cake; a wildcard if you will. My expectations are fairly tempered right now but Im hopefull. Hopefully management can deliver results when they say they will going forward. It's a credibility thing.

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