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Re: NAV/Share actually more after moly purchase?      6-Nov-09 11:56 am    
I guess where we differ is in the valuation of the mines. I believe that price and value are different. Yes, we paid $110m based on $2 share price. However, I believe the value of the mine is worth more than $110m. You added the purchase price of $110 back into assets. I chose to add the value I believe the mine is really worth ($850m) based on the going market price of molybdenum and what was said to be proven reserves of the mineral. So the acceptable answer is based on how you value the mines. My figure assumed that the reserve figures are reported correctly and this is not another Florida swamp scam.


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klarisskin, you mentioned that NAV/share prior to the m...
freethinker... Rate it 6-Nov-09 09:47 am  
 
Check this thread: ...
klarisskin Rate it 6-Nov-09 11:35 am  
 
Re: NAV/Share actually more after moly purchase?
freethinker... Not rated 6-Nov-09 11:56 am  
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Qiao Xing Universal Telephone, Inc. (XING)

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