Market Cap is laughable225 million shares out currently. This is not terrible IMO. Our current market
cap is $78 million. I for one take this ridiculously low market cap as a joke. ONE of the reasons I accumulated the large number of shares that I did was I feel there is a serious disconnect between the project risk and the true value at THIS stage. I am not suggesting we utilize metrics that give us 100% of the potential value OR overinflated diamond valuations, etc. BUT even using conservative metrics and caution regarding US dollar/exchange rate, price of oil, diamond prices, etc. I come up with a larger market cap that I think Shore Gold currently deserves
I believe SGF's market cap should be $150-200 million (SP=65 cents-88 cents). My avg purchase price per share = 22 cents. For me, it was an easy decision to begin aggressively accumulating SGF at the beginning of this year!
What do you feel about my $150-200 million market cap idea? What do you think a reasonable market cap should be for this very moment?
Cheers.