yeah almost everything seems to be down
post #61 of 128
5/20/08 at 2:56pm
That's far from tanking. I would call it a slight pullback. I don't think it will move to much lower. Of course that is just my opinion.
Looks like the company has been listed on the TSX since '81, but under a different name (or multiple names). In late 2007 they switched names with a standard change of business registration and became a tier 2 jr. mining company as per the tsx venture definitions.
I can only dig up share price data to as late as 2001, to which they saw $1.25 at the highs but sunk to under a dime before 2007 when they committed the change of business and new name.
What did they used to do before this? Were they unsuccessful? Are the same management still on board? What was their specialty before potash and iron ore?
How well known are their partners when it comes to uranium? Do they have any track record of success? (how about their management?)\a
What stopped the current dead mine they are sitting on from production? What was it mined for and why was it put out of production?
Given the company's current valuation, and the price of potash, how good will the results of 43-101 have to be in order to cause RAY.v to breakout?
If the results are good, mine worthy even, but not quite what the market was hoping for, how much downside does the current stock price have?
If you look back and do your DD, you'll find that they actually used to do something along the lines of selling hospital equipment.
If they have a dead mine, then most likely it can be opened again at a profit. alot of these abandoned mines still have plenty of ore, it's just the economic situation didn't make feasible any longer to mine (as in couldnt mine for a large enough profit). But now that everything is through the roof, it is again mineable at a profit.
for a good breakout, we're gonna want around mid to high 20's of percentage in KCL, and atleast a nice 9+ foot tall ore body. That's for the Continuous Miner's and Alpines. if it's nice and deep around 1500 metres deep and no water flow, then leaching will be preferrable.
it is assumed at a rate of 3% per year demand growth, the required offsetting supply is estimated near 1.5 million to 2.0 million tonnes of KCL per year. So basically, one new 1.5 million tonne mine must open every year to meet the demand.