Hi PP23R. A seven figure holding is a sizable investment even at 17 cents. You must have faith in your theory or information, obviously centred around Mt Leyshon.
Regarding the scat repocessing, 2007 had production costs per oz of $530, now I'm not sure what costs or processes have changed but I'll assume $800, which would make this little venture yield $70 million to $122.5 million.
The beauty of this as far as I can see is the speed of which the cash could be realised. Possibly trucking the scats to a third party mill.
You'd have to think that Newmount being a large shareholder in LRL, will want a piece of the action on this.
If this comes together and we get a deal happening in China, you stand to become a very wealthy investor Propunter.
Hi PP23R. A seven figure holding is a sizable investment even at...
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