Penny Stock Buyouts
How would one billion tonnes of ore deposit 4 worth?
I bought shares in a penny stock that has the potential to find a pool size of 4 billion tonnes at least, so even with low notes how a repository would be worth it. oh yes the deposit they need is for copper and molybdenum The company trades at about 20 cents now and the name of the company is bcu symbol of copper bell the Canadian market, it has about 80 million shares outstanding, so if they hit the 4 billion tons, which will stock prices go, where will reach the market cap, I mean what is a fair price for a major purchase, or maybe the Chinese will buy them. they are in a good area for find that size, because the deposits already discovories knowm Arizona. I just want to know what the potential buyout price would be if they find a large deposit.
Well, it's a tough question. Their current market capitalization is approximately $ 16,000,000. The company will most likely be in one of two conditions: (1) society is that the deposit is not economically viable for mining. This may be the case if the amounts present in the ore are not strong enough to justify mining development. The development of this mine can cost hundreds of millions of dollars. (2) the Company believes that the deposit is economically viable for mining. This would give a shot boost to their stock, but would not affect their cash reserves. If they need to make hundreds of millions of dollars to develop the mine, it would be very difficult to do in the current economic climate. It is very likely sale of the company or sell the rights to mine or merge with a cash-rich company. The important thing to understand is that in Case (1), you lose money. In Case (2), you win money, but there is no guaranteed amount. It depends on the resources and grades commodity prices and prospects.
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