RE: CIRCUM stake worth 3.63p...29 Oct 2018 09:08
I was a bit surprised when i did the math.
Circum 4,5billion tuns with an estimated 12-14 billion tuns in the ground
4.5 billion At £150 tun is £ 4,500,000,000 x 150= £725,000,000,000 billion
12-14 billion estimated = £1;8 - 2.1 trillion
In 2-3 years they should be mining 3.5 million tuns = £525,000,000 a year for 20 years
Lets say £200 million profit a year
We have 6.5%
That is 13 million per year to PREM.
Could someone with more knowledge check this out as it looks to good to be true!