SUBJECT: I ''Googled'' BeachBoy66 and found this... Posted By: Day_Tr8r
Post Time: 3/7/2007 22:01
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SUBJECT: Some Dollars & Sense of what's here.... Posted By: BeachBoy66
Post Time: 1/26/2006 19:08
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Commerce Resources is doing an Excellent job of taking care of interested Investors, with fast, factual follow-ups from the Show and Log-Ons, via Net Newsletters.
We are interested enough, that 3 days of DD has us in & IMO, we're looking at just the Beginning of things to come for CCE (Can.) and the Shareholders....
After conversations with Chris Glove and a 20 min. Q & A this morning with Dave Hodge, I'm real interested on where CCE is heading....
Dave was quite keen on answering all of my questions... and I could tell that, he was just busting inside to tell more, but had to stop himself & mentioned that a NR or 2 will out, (IMO, they are contacting all interested Investors 1st, that's why we're seeing an extremely steady number transactions each day & a nice steady up-trend).... Also, I could tell that he can't wait for the feasability study to be completed.... he couldn't come right out and say it, but the man knows, the Project is a HUGE GO!
Here are some numbers, from what we've gathered, from their own Reports and Dave even took the time to correct me on one error, but not commonly known yet..... the Fir Property has been revised to 12.35 M/t from 5.65 M/t.... so;
------ Based on the calculations of 31.10 grams in an oz. --------
and 12 Metalurgical Troy oz. to a lb.
Fir Property: 12.35 M/t of Ta @ 203 g/t = 6.53 oz./t = .544 lbs./t
... so we have .544 lbs./t x 12.35 Million tons x $150.00/lb.
Fir Property = $1,007,760,000.00 Yes , that's Billion
Upper Fir: 5.65 M/t of Ta @ 200 g/t = 6.43 oz./t = .536 lbs./t
... so we have .536 lbs./t x 5.665 Million tons x $150.00/lb.
also, Upper Fir has 4500 g/t of Nb = 144.7 oz./t = 12.06 lbs./t
... so we have 12.06 lbs./t x 5.65 Million tons x $6.50/lb.
Upper Fir Property = $447,000,000.00 of Ta
" " " = $442,910,000.00 of Nb
Verity Property: 3.06 M/t of Ta @ 196 g/t = 6.3 oz./t = .525 lbs./t
... so we have .525 lbs./t x 3.06 Million tons x $150.00/lb.
Verity Property = $240,975,000.00
Current inground Property Value is;
Fir Property = $1,007,760,000.00 of Ta
Upper Fir Property = $ 447,000,000.00 of Ta
" " " = $ 442,910,000.00 of Nb
Verity = $ 240,975,000.00 of Ta
-----------------
$2,138,645,000.00 Current Asset Value
To add to all this, Dave Hodge also says that, "The Bone Creek Property has yet to be fully explored/drilled... so far, only 4 holes have been drilled, but is showing mineralization equal to the Fir Property. Total size is yet to be determined....
His other main point, which I covered with Chris Glove, was the the Fir Property & the Upper Fir Property, which are 1 km apart, may be connected or are intersected by a fault.... if either of these come true, this may add another 20% to 25% to the value of the whole Property.
Lastly, Dave Hodge stated, "... knowing what's here, if we were in Production today, we would be 15% to 20% of the world supply of Tantalum, plus the added bonus of our Niobium, from Upper Fir, is real exciting!"
To finish, Dave stated, "...it's been a lot of hard, but exciting work... we've been exploring/developing the Properties for 4 years and now it's almost overwhelming and he is looking to hire add'l Key Personnel.
... oh, by the way... Dave Hodge is the President & CEO of CCE (Can.)and he was already on the job at 6:05 EST, when we talked today....
Happy Investing to All... this is going to be a Fun Ride!
WBB66
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