RE: whats upThanks SP cheers and the education
----------Original Message Posted 1/14/2006----------
$2-3 would put a large chunk of change into my bank account, but first I think we have to see a lot of things start happening this year, drill results, promotion and a better idea of how the whole afton camp could come together
after the teck deal and the Dec financing, AME should have about 48 mill shares outstanding, add another 8.5 mill for the other half of the teck deal and another 8 mill for outstanding warrants and options, in total you get about 65 mill shares, theyll also have to do a lot more financing (hopefully at higher prices) so lets say theyre headed for 100 mill shares outstanding
$2-3 after issuing more shares to pay for a lot of drilling would be a $200-300 mill market cap, it could be done if drilling proves up enough open pit and deep reserves, they have a lot of ground in the afton camp
NGD has about 15 mill shares (I think), so at $9 thats a $135 mill market cap, and if fairly valued that should increase to $180-250 market cap
once AME moves further along (assuming some success on their part) then along comes a major to take out the whole afton camp for $500-600 mill and we all walk away with big smiles while they mine it
NGD ends up being a triple from last sept prices of about 6.00, AME ends up being a 10 bagger from last oct prices of about .30, not bad for shareholders of both AME and NGD