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Message: Re: Barron's week-end moly article

But, alas, Sandy9 bashes TCM and MOL and obviously knows the inside scoop that the author of the Barron's article is not privy to, LOL!

I didn't bash MOL or TCM, however you have continued to bash

TTM AFTER selling your shares and buying MOL.

Now the fact is you sold ttm AT close to its low, and have

bought mol and 68 cents plus as recorded on stockhouse.

Now since then mol as dropped my more than half what you paid!

But i will inform people here MOL (YOUR CHOICE) was a bad

one because they have diluted to close to 120,000,000

shares. In order to get their loan they paid up 15% of the

companies shares, thats why it tanked, and will continue

to tank as moly has dropped and they are not economic.

The actual fact is they need a jv to survive now, as they need

an additional $680,000,000.00 us OR about $980,000,000

australian. Now TO GET THE same terms THEY would have

to give up another 60% of the company. So like you said

in you own words " they will be moth balled". But they have

a severe problem, they are in real danger of paying huge

interest on real debt on money borrowed without production.

So in essence they are stuck between a rock and a hard

place. And thats the stock you own, and bragged about

changing to on stockhouse, a stock you have lost more than

60% of your money in a few days



Now THE REAL KICKER HERE is CHU has no debt, and the capex

required to build chu, will be much lower than the balance

mol HAS YET TO PAY.

Now from PEA... FULL detailed report from TTM:
Notice on pg 15.... full operating costs would be $7.46... this statement was made at higher oil prices
possibly in the $100 range
Notice on pg 17...
Increase the production rate from 60,000 tonnes to 90,000 tonnes.. indications are that the in-pit
resource is sufficient to sustain the higher production rate
NOW at 60,000 tonnes =
60,000 x .0006 x 2204 x 340 = about 27 million pounds
90,000 x .0006 x 2204 x 340 days = 40.5 million POUNDS
You will notice that the above production far exceeds
mol, and at greater grades. You will also notice that at
the upper rate 40.5 million pounds far exceeds tcm.
They are still struggling to beat the 30 million pound barrier.
This part is speculative to a degree
Now as far as capex is concerned, ours could be as low
as half of what mol has to pay, as our total cost from
the report is $750,000,000 with used equipment, but
if the people with the used equipment join forces
our capex will be a minute $250,000,000. as simple math
tells you the equipment is worth roughly 1/2 $ billion
1250$ - $750 million = 500$ million form the pea.
Also since we don't have to wait for lead items we can
produce moly in 2011.
Now MR.CC only has to drill another 6 months or so to get
his first 5 years of production to the measured and indicated
category as the first 250 million pounds is in a very confined
space (starter pits). So once completed his burn rate can be
so SMALL... he can either move at full pace with jv mine in
2011 or put up for sale a bankable mine with the lowest
capex. We are also very strategically located to benefit
the best from the stimulus and infrasture on alternate
energies the USA must go through!!
LOTS of deep drilling, natural gas, oil (high temp) alternate
energies, including nuclear. tidal solar.. geo.. all these
require a lot of moly. Most of the new oil is lower API
REQUIRING more moly in refining.. I would sooner be next door
to this than in Australia.. we are closer to the action..we can
ship by rail.
Barrons LOL!! Do you actually believe that barons comic
book is more up to date than MOI???
iF you had inboxed me i would have told you not to buy
mol until it hits 20 cents... and even then .. well its not
my cup of tea.. IMHO!!
Atb
Sandy9


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