GREY:FNKLF - Post by User
Post by
marketmineron Mar 06, 2007 11:42am
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Post# 12363786
FNI is still a bargain
FNI is still a bargainFNI is still only trading at about 20% of its intrinsic value when compared to others....grade and width...New holes havent even been included in the 43 101 out yesterday.... another robust resource estimate will be forthcoming in a few months...
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Comparable market caps are comparible for ASM and LBE.... FNI is more advanced, with better grades X width!
Typical grade times width are much lower, best grade:
ISM 1.77 times 10.1 = 17.87
LBE 3.45 times 3.9 = 13.44
FNI 69.6 times 2.35 = 162.8
If you do this for the total holes drilled and then calc an average you will see that FNI has a long way to go in the market valuation compared to some of its piers.
Easily a tripple from here..JMHO
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Inspiration drills 10.1 m of 1.77% Ni at Langmuir No. 1
Inspiration Mining Corp (C:ISM)
Shares Issued 52,632,560
Last Close 3/5/2007 $2.12
Tuesday March 06 2007 - News Release
Mr. Randy Miller reports
INSPIRATION INTERSECTS 1.771% NI OVER 10.10M OR 33.14FT (TRUE WIDTH)