Yes spot on Humphrey Big upside from my estimates!!! especially...

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rarebird1971

843 Posts.

609

03/03/18

15:50

Post #: 31502917
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Originally posted by Humphrey2017 ↑

Thanks Rarebird, excellent analysis which may also be boosted significantly by two factors -

1)40 -60,000 tonnes of already mined tailings/waste material that is holding possibly over 10 grams per tonnes - ready to be shovelled into Big Bertha and any other hammermill we purchase... ($20 -$30 million dollars sitting in the carpark?)

2) the relative inexpensive and QUICK ramp up from MULTIPLE inexpensive hammermills ($25,000 each?) Another one that has already been ordered and will be arriving in March...

These factors also need to be considered when commenting on the value of the Company and a target SP... a quick increase in production will IMO see us quickly surpass the 20 cent mark... anyway DYOR and GLTAH.

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Yes spot on Humphrey

Big upside from my estimates!!! especially the ramp up as this is sustainable. I don't like factoring the tailings from a SP point of view as this will be milled within 12 months IMO but it will certainly help with some immediate cash negating any need for a CR.

OGX Price at posting: 10.5¢ Sentiment: Buy Disclosure: Held
8 Upvote

0 Great analysis

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Yes spot on Humphrey Big upside from my estimates!!! especially...

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