OTCPK:CNZCF - Post by User
Post by
dart321on Jun 16, 2016 8:19pm
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Post# 24972961
Crunching The Numbers
Crunching The NumbersSo they have 56 million tons of this stuff and it sells for $350 a ton. So how do we value this stock, normal mining plays during startup have a value of $50 a ton. I still think that is to high and have never agreed with a valuation that high. In my opinion 5% is more in line. For this company let's use 1% then divide that in half because their partner will likely buy in for 50%, That gives them a valuation of 1/2% of the assets, that still gives us a valuation of 98 million and what are we at now 3.6 million. I can't wait for them to tell us they have started production!!!!!!!!!!!