SLV 0.00% 74.5¢ sylvania resources limited

very positive announcement..analyze this...

  1. 2,119 Posts.
    this is a type of OPEN CUT platinum deposit
    which will be processed in the near by
    plant which is just being built by aquarius
    since open cut 800 000 ounces of platinum
    say $us200 profit per ounce thats about $260aus profit per ounce
    ie 800 000*260===$aus208million

    on fully dilluted basis after exercise of 30 million options and including todays placement of say 8 million shares
    say 100 million shares

    thats 20 cents per share profit on this deal alone
    a pe of say 5 times is $1

    this is my opinion only anbd do ur own calculations

    brilliant deal and option to extent to the north
    i believe more deals are coming
    .........................................................................................



 
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