That estimate does seem inflated, so let's look at the FACTS: Currently the deposit has over 12,000,000 Ozs of PGMs and gold, not to mention over 2,000,000,000 LBS of copper AND nickel while still being open along a 17Km area; that is HUGE!!! Show me another deposit like this in North America!... There are only a handful.
and the previous owners gave it up because...?
I see they have one geologist with a BSC, two diamond drills, about 1.4M in the kitty and over 15% of FD shares in warrants and options, all in the money. What's not to like?
So.... how long before they do another financing?
But what do I know? Maybe this is another Molycorp? The people that bought at $5 must think so. Good luck to them.
ebear
