takeover, page-38

Gentlemen,

Haha there was no I giving that other thread credibility by responding on it when it is such rubbish.

This is it - When did I say a take over was a forgone conclusion? I said I heard it from two independent sources which were supported by confirmations here on Hot Copper. I also said that it was too early to say if it were true "Early stages" however huge increases in volumes supported this theory. Dude if you want certainty, die or pay your taxes, speculative share trading is about correlating information and making an informed decision. Nothing is certain or the term “speculative” would not exist. You should be thanking me for sharing this information with you, not attacking taxi drivers and 7 -11 workers. A simple thank you will suffice, as you will notice I did not even start this thread.

Too Ezy - haha you say it has nothing. OK simple calculation of 40 million tonnes of vanadium at $20 per pound (extraction costs were $1.40 and taken into account).

40,000,000 tonnes (JORC grade indicated resource)
$20 per pound for Vanadium
2205 Conversion from pounds to tonnes
1% average vanadium amounts as per JORC grade indicated resource

40,000,000 times $20 times 2205 times 1%

= $17,640,000,000, that is $17 billion!

Now for conservative analysis lets assume that they only get $10 per pound instead of current price of vanadium over $20 (insane right) and they only mine 10% what has been indicated (crazy). This would still lead to a value of $800 million dollars.

For something totally ludicrous if we divided that by 10 we would still be far above the current market capitalisation. Yeah you are right Too Ezy, we have nothing and why would someone want to take it over. HAHA

My figures are probably way off however as you will see there is plenty of value there even if it is partly true. This does not take into account these comments in the quarterly report:

“Interpretation of the aeromagnetic data shows that the mineralised anorthosite extends for a further combined 4.2 km of strike length in areas not previously tested by drilling where the depth of cover and width of the magnetic anomaly are similar to the areas already drill tested.”

I actually now fear for my safety as it appears I have completely brought out the down rampers sting with these figures.

Too ezt, also if a take over was to take place do you think they would just buy every stock for sale at once and announce it? You do, don't you. Haha.

Actually they would accumulate at a good pace over weeks and weeks until they meet the legal requirements and be forced to announce take over. Again current volumes support this theory but it is way too early to say it is correct.

There's a party baby, and you two are not invited. Haha!

I am the Iceman!