RE:RE:RE:RE:Valuation Way Off@glenroth1
your sample numbers are not at all outrageous, and would argue for a share price that is triple current value. if we get something more in line with 'eod's estimates... the mind boggles.
add to this that there are many juniors who are no farther along than Wellgreen (and I would argue in less advantageous circumstances), who currently enjoy a higher valuation per undeveloped ounce -- even within the context of a bear market for mining shares.
remember, too, that there have been bull market environments in which the market has awarded MUCH higher valuations for each undeveloped ounce. when we enter the next bull market for mining shares, the math is going to move in our direction in a hurry.
have a good Sunday.