Goldengreen wrote: gold_diggers1 wrote: Even with this news.... all the pieces of the puzzle have slowly moved into place.... and people continue to sell?? Why?
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Look like GoldenGreen has played his game and moved on? Have not seen GG for a while....
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GLTA
What game? I'll be collecting (indirectly through Altius) royalties on Gunnison for the life of the mine. Way after all of you sell your shares. I haven't posted much because it is unseemly to crow about being right. But since you asked:
1) Excelsior's market cap was overvalued, and faced some short term pressure as the momentum players jumped off the train. The market took it down a few notches. Excelsior is not going to receive NPV credit for Stages 2 and 3 because it hasn't financed, built and commissioned those stages. That is reality.
2) Excelsior did face a significant amount of dilution. They are now trying to issue 26 million shares.
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As to my prediction of a market cap of C$275 million with the commissioning of Stage 1 in December 2018? I stand by it. Including the equity raise (if successful) Excelsior will have 193.61 million shares. At a C$275 million market cap that works out to a share price of C$1.42 by next December. A very respectable gain from current levels.
There were some fanciful dreams of billion dollar market caps in the near term. I believe you've woken up from those dreams. Market cap could reach a billion but it will take another 6 to 8 years, depending on whether construction of Stage 3 is accelerated.
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My understanding is Altius could participate in the debt/royalty portion of the master financing. They've reviewed terms.