RE: website31 Oct 2014 10:18
I think we know who's shorting around here..
Do I have to spell it out for you dumb f***?
New Brunswick, Canada - On July 10, 2014, Minco announced the completion of a positive Preliminary Economic Assessment on its 100% owned Woodstock electrolytic manganese metal project located 5 km west of the town of Woodstock and the junction of the Trans Canada and I95 Highways in west-central New Brunswick.
The Preliminary Economic Assessment (“PEA”) indicates a pre-tax Net Present Value (“NPV”) of CDN$846 million at a 8% discount rate and a pre-tax Internal Rate of Return (“IRR”) of 17.97%, based on a 3,000 tonne per day (“tpd”) open pit mining, hydrometallurgical and electrowinning operation, with a pre-production capital expenditure of CDN$864 million and average annual payable production of approximately 80,000 tonnes of electrolytic manganese metal.
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CAD846m to pound sterling £472,560,823 18% = £85,060,948.14.
MarketCap - 5m Share value 5m.
Doesn't take a genius to do a few simple sums. Massively undervalued company and yet more results to release on deeper drilling