@pe981 - if you can tell me the trading price for run of mine quantities of medium and high grade ruby rough, in the open market, at any time this month I will eat my hat. However, I humbly suggest this will be highly unlikely - and you will find that ruby sales are indeed an insiders game.
Obviously mining graphite and vanadium isn't going to be easy to mine either (vanadium is notoriously tricky actually) - but my point is that they are a damn site easier to evaluate and price - so values in any reports they issue are more likely to be somewhat correct as opposed to wildly incorrect. ( Im pleased to note the calcs in the scoping study are very conservative - and use V205 @ $18/lb - instead of this weeks trading price at ~$30/lb. ..
If you read the SS - you'll note that they have relatively low costs required for stage one. No one said it would be easy - they're off grid in deepest, darkest , Mozambique if you hadn't noticed. However - they only need $10mil to get going with phase 1 , which means it is not a wild dream.
Caveat emptor of course - and I have sympathy for the big loss I'm guess you took - but for some of us who didn't buy during the ruby rush the current share price represents a real bargain.
- Forums
- ASX - By Stock
- Ann: Caula Vanadium-Graphite Scoping Study Exceptional Economics
@pe981 - if you can tell me the trading price for run of mine...
-
- There are more pages in this discussion • 59 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add G79 (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
Previous Video
Next Video
SPONSORED BY The Market Online