GREY:LBEFF - Post by User
Comment by
Buxom1on Oct 15, 2007 10:49pm
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Post# 13576877
RE: Millwright predicting results they come out
RE: Millwright predicting results they come outRocksolid (a.k.a. Millright's Xerox),
You forgot to xerox this bit of info that Millright posted:
"This company [ISM] is being priced by the market on promotion of its hoped for potential as a take-over. But exploration and professional evaluation of potential take-over values is at least a year from possible conclusion. A 43-101 completed at this date and including a present value dollar estimate, would likely fall far short of today's market capitalization - let alone approach the pie in the sky estimates of rocksolid, allbusiness et al. The big money in this type of venture knows the speculation and promotion involved - but the little guys that are the target of the promotion are not armed with the same insight, the promoters wouldn't be as successful if they spelled all this out. If things don't end up being as glorious as the promotion - guess who is left holding the bag.
The other thing that amazes me is that cheerleaders hang their hat on some of the data in this phony analyst's report - but even in doing this they are quite selective in what they interpret. ISM is said to be worth up to $30 - but the wannabees all say that LBE hasn't got enough to keep a mill going for more than three years. The data in the "analysts" report shows LBE with many times the "inferred" resource value of ISM. LBE's drilling results and actual mine production has expanded proven resource to a greater extent than ISM has accomplished. If LBE hasn't enough for three year's production, then ISM must have less than one year's production. That being the case, where does the multi billion dollar valuation come from? Doesn't add up, does it?"
As sourced from:
https://www.stockhouse.ca/bullboards/viewmessage.asp?stat_num=15884142&all=0&t=0&archived=False&link_symbol=ISM&link_table=LIST&navmode=1&navd=fwd&
The value of being able to source is that other's can follow up and come to their own conclusions.
-B1-