update, page-47

re: the roaring 20s 7cents to 23 cents NB1, I think you are getting confused. The main thing is if responding to a specific post, to read that post and respond to it. Earnie made comments that didn’t add up so I queried it. It seems no one is allowed to question earnies posts these days.
“We can all guess if when and how much of apg that bhp will take and at what price”
I didn’t, Earnie did, the maths didn’t add up, that is what I questioned.
“as for plant costs i recall hearing figures anywhere from 6m for one of the simpler plants to 150m” $6mill for the plant upgrade to a 1500 tpa demo plant, $150mill for a 100k tpa PLANT vastly different.
“and don't forget bhp have already spent over 3billion trying to do what apg is proving up”
No they haven’t – BHP are interested (predominately at this stage) is the SR NOT the DRI.
“So i hear you cry but it will dilute my shareholding.”
No you didn’t, I have no problem with BHP getting shares, but dont see why we would issue more than we need to get the BFS done.
“FANTASTIC i would hope they fund enough money to dilute my shareholding by 25-50% by then they would be looking at a takeover bid of $5-$10 a share.”
I laugh every time I see “$5-$10 a share” talk for a 7c share.
“so dont get caught up too much in the guesses”
Funny you don’t respond to Eanie’s post about this. After all, it was he who made the guesses not me.
Heaven forbid any one would question the great Earnie.