RE:FINALLY OPTIMIZUM I must admit that logic sure doesn’t help me understand how the market gives MTS a total MC of ~$5M, based on the value of both its longstanding property in the GT and the newly acquired Greyhound property – but that’s what the market is saying and we all have to accept it right now.
On the other hand, when you look around, you realize that the preliminary exploration slated for this summer on Greyhound could very well uncover some very exciting and substantial initial results – if that happens I wouldn’t be surprised if the MC jumps quickly to ~$40-$50M; that would not be out of line and would be a 8-10x’s increase from today’s SP. $40-50M is not a high value – certainly if and when there is a real confirmed substantial economic resource at Greyhound the MC will probably be well beyond $50M – this one could be ‘the Canary in the Gold Mine’, and if it is there will be an ‘explosion’ in the SP.
At this point none of us know even what the near-term results will be (although I do expect some
excitement), but to me it is very important to try to keep in mind the broad context in which all this will happen – MTS will try to find some initial success on Greyhound, which, based on the past, should be there to be discovered – also, up in the GT, GGI and ESK will continue their exploration; to some degree MTS will probably share in any exploration success that they incur, based on the proximity of our property. Then, in the broader GT, I believe those of us who have SKE should just keep waiting, as it too should just keep perking along with the continuing increases in the POG, as well as their continued exploration of both their current and new lands – eventually it will get bought – or – developed, and in the interim the real value just keeps increasing. Lastly, and still in the GT is Newmont, I believe its planned increasing accumulation will overshadow the future of everything for many years.
So, I’m glad to be able to say that for the first time in some time, I do expect this year to be exciting – good luck to all!
IMHO DYODD