GREY:STACF - Post by User
Comment by
hodgigreon Jan 29, 2007 6:11pm
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Post# 12117484
RE: 43-101 update
RE: 43-101 updateTG, it would be beneficial if you were to quote the price of zinc you are assuming in your calculations. I suspect recently high prices will not be used by anyone looking to value the company for serious investment. What is a fair value? The recent study used $1.10 as you say. Where did that number come from, and would other numbers could some that are more conservative quote? What is the last three year average IF that is a reasonable value? Are any of these values used before a deposit has been PROVEN economical?
Long PAX, but cautious as I just came out of another stock, where 5 years ago everyone though we were printing $5.00 bills for $2.00. Many thought $8.00 - $15.00 (or even higher) were possible with perfectly sane arguments. It was a world class deposit of Tungsten often characterized as strategic by bullboard members. Roll forward those five years, having assumed much risk, and we are being bought out for $3.65 never getting to see whether the value would be realized at production time. Looks like PAX management has more on the ball but I'm a little more skeptical as a result.
hodge