RE:ignoring bay street sharks and venture speculatorsAs a comparison I would point to WOLF minerals. WOLF has only one mine in UK, just started production and it is actually smaller than Sangdong and they are already worth more than 200M.
Their MC is $230 mil as of today. Can I say by the end of 1H in 2017 when mine opens the value of Sandong mine itself can be $ 250~300 mil.
MC of WOF was about $20 mil right before the merger. The valuation was for the rocks without funds and good managements I guess.
Can we make 12x now from here as Black said he can build the best tungsten mine in the shortest time. Maybe 6x due to the merge with ALL and additional listings.