Why im waiting for $2.56 Proper valuation. I Agree that in terms of market cap we are undervalued most definitley.
I have been using the same comparisons in terms of change to FIS market cap as a result of these discoveries.
On the first hole i initially bought fis at .39 Post Halt and sold .435 it initally was at .35 when the discoveries started.
So .62-.35= .27* 125 000 000 O/S= 33.75 Million dollar appreciation to FIS market cap.
We are a 50/50 Partner and our market cap @ 1.35 is approximatley 17.75 Million. I think given these calculations it is not unrealistic to think AMW could appreciate in the coming days to 33.75/17.75=1.9
1.9* $1.35= $2.56/Share for AMW.
If people have been following these plays the past 2 weeks they will realize there has been no retracement in AMW share price it went up all week and was at it's highs prior to releasing this most recent discovery.
This is why i will be waiting until $2.50 /Share range to be looking to lock in profits, until then we are still undervalued and in un-charted territory, these are the funnest venutre plays. Just enjoy this run because the venture has been relatively dead for sometime.
GLTA Longs. see you at $2.50 is JMHO.
Thanks DC