"Come April 2009, BMN will hopefully have found significant inferred (non-JORC) tonnage of up to at least 300M lbs and at $8 per lb, will be worth $16 a share."
WT?
Hopefully is the word.
The latest price for a project with very high grade is $6 a pound (RIO sale), so don't know how you make the $8 a pound. Maybe because of opex/capex.
And 300m lbs is just a pluck.
Perhaps it's 500m lbs lbs!
:-)
Next FMG! To coin a contstant ramp in this thread!!
engines flaming, page-10
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