Net present value
The net present value before taxes based on the following discount rates is:
0 per cent: $1,289,201,000
5 per cent: $652,631,000
7 per cent: $489,474,000
The value in the middle gives us a 3$ stock valuation based on only 30% of the property, which is still open in all directions. I know my math is aproximate, but this is only to give is an idea where the stock should be. One may continue this approximate math and suggest a stock price of 9$ if the remainig 70% produces as much as the first 30%....and what if we expand the resource since we haven't found the limits yet...but again we need to read the following as well:
Readers are cautioned that mineral resources that are not mineral reserves do not have demonstrated economic viability, and the PEA is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment contained in the PEA will be realized. Continuing work on the resource will target the areas where drilling density only permits categorization as inferred resources.
Those of us who have bought in so far are willing to take the risk for great rewards ahead, other investors are willing to reduce their risk and wait for more results to confirm the potential of this company...and they are willing to pay more when that occurs. Which is just fine to us, early investors, we will be there to sell them our shares.
I have accumlated my position since the 15-20cents and still holding...we are still in early stages.
Good luck to all long