GREY:OLEPF - Post by User
Comment by
cdn_stockson Feb 01, 2007 12:17am
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Post# 12137704
RE: "FANTASY" UPSIDE
RE: "FANTASY" UPSIDEI am excited as the rest but let's keep it in perspective. Assuming no further dilution, to achieve a $25-$75 share price, OLE would have to prove up at least 7 million ounces of gold and close to 20 million ounces for the upper end of the range. A find like this is beyond an elephant and there are few of these in the world. At these prices the market caps would be from $1.2 billion to $3.8 billion. Of course this just assumes the gold project and not Santa Rosa. But, I think you get the picture...the likelihood is extremly small.
It's a nice dream but I am happy looking at $5-$10.
But all in all looking good and is progressing as expected. As previously indicated the ducks are nicely lined up.