RE: Dillon1239 Mar 2018 09:32
If you go to the RNS which is above here and find the JORC, which is independent it states
� 16Mt @ 6.9% Zn Equivalent (including Pb credits) and 25g/t Ag
� 670,000 tonnes of Zinc, 540,000 tonnes of Lead and 13 million ounces of Silver
� Deposit open along strike to the east and down dip (so resource could get bigger)
� This initial resource positions Toral as a potential �world class� lead/zinc project
This was approximately double their previous resource estimate. To put this in context:
The price of zinc as of February 2nd 2018 was $3,556.00 per metric ton.
If I use a conservative price by rounding down to $15 per ounce this values Ferrum Crescent�s silver in the ground at $195 million.
This would value their zinc, lead and silver at $3.285 billion.
So you are right BB I was wrong to put that, it is actually worth more. I apologise.
Zinc lead companies comparison
CONSOLIDATED ZINC 1mt @ 16% Zn=Pb + 24grams p/t AG Market cap $9m
Alta Zinc 3mt @ 6.2% Zn +Pb +27grams p/t AG Market cap $9.9
FERRUM CRESCENT 16mt @ 6.9 5 Zn+Pb +25 grams p/t AG Market cap $3m
Central Asia Metals 23.4mt @7% Zn + Pb +24 grams p/t AG Market cap $402.5
These prices are of when the Jorc came out. Clearly this states FCR is UNDERVALUED.
Now this message is only for you BB. I have read the threads and the immature remarks made by yourself. Unfortunately some of the comments have been deleted, because you had been in an altercation where somebody pointed out you lost 50 grand before the JORC came out. Let it go and move on. Stop being bitter and let others make money rather than wishing the price to go down. I wish you the best in future investments , however this bitter attitude from you needs to stop.
All in all the figures speak for themselves guys. This has been messed about with and played to the maximum. I for on am holding and not waiting for an RNS at 7 am to be posted and watching the MM hike the price then a massive heard come in put the price up then miss out on a heavy amount of profit.
16mt @ 6.9 5 Zn+Pb +25 grams p/t AG with a market cap of 2.2 million GBP speaks for itself.
Wish you all the best DYOR and please point out wherever I am wrong, so that I can be corrected.