Hey BBOB and friends, been here since October and still holding strong. I added to my position after talking to Crichy and the useful posts on the SH board. I too will participate in this forum, I can't deal with the garbage at SH anymore.

I would like to know your thoughts on the value of the CHU with the known values and without?

Moly Price: $33US/LBS

700 million pounds * $33US/LBS = 23,100,000,000

Costs to mine at ~ $10US/LBS = $7,000,000,000

Net = 16,100,000,000 / 50 million shares = $322/share / 25 - 30 years of mine life = $10.73 - $12.88/share

I believe this value is a bit too high because it's based on 0.1% Mo. We have 0.067% Mo so $8/share seems to be right.

This calculation may or may not make sense, your thoughts on my calcuations and what the new holes might indicate and do to the value.

Thx

Bobby