why its going to go up

Look ladies, stop your squabbling. Look at the gross revenue values. You can love this company or hate it(that's you wingers already squeeling after only one day of holding it) but it doesn't matter. This stock will be going up because it must. It must because the numbers are simply breathtaking. Which ever resource size and grade you select (remember these were calculated by Rio and Santos) you get a life of mine revenue range of
$US7.56 Billion to $US8.4 Billion. You can get a good idea of capex and costs by studying Moly Metals (ASX: MOL).

Lets look at the resource size.

Case 1.

Size 63,000,000 tonnes
Grading 0.2000%
Equates to 126,000 tonnes of concentrate
Revenue $US60,000 a tonne equals $US7.560 Billion

Case 2

Size 100,000,000 tonnes
Grading 0.14%
Equates to 140,000 tonnes of concentrate
Revenue $US60,000 a tonne equals $US8.40 Billion

Like I keep saying, it will be a week or two for the serious exploration company investors to absorb and check things out before they start their accumulation. You cannot have a resource of this grade and size without the bees being drawn to the honey pot.

Once you plug these grades into the Moly Metals costings (mine and Capex) the net return is so high as to make me reluctant to quote what I got because I would surely attract ridicule. I'll let you do the exercise yourselves assuming you are not too preoccupied with winging about the share price after just 2 days.

If you did the math, you wouldn't be worried you would be trying to get hold of funds to buy more (what better day to do so than a crap down day like today). The wingers will be the ones hurling themselves in when it cranks past 10 cents, but that's the market I guess. You just can't convince some people no matter how obvious something is.

The short term price target is 10 - 15 cents. I see absolutely no reason that will not be achieved. The numbers are simply too stunning for it not to happen.

Now what if they actually increase the resource? Too much to contemplate I'll think about that later.