RE: Is our stock undervalued?Muff,
my two cents are only worth about half that much, but I'll chime in anyways...
156.00 per share total has to be discounted for numerous things, including actual costs of mining the deposit, which isn't even a deposit yet, and may never be...
All in all, mining costs, political risk (albeit perceived), commodity risk etc etc etc, I would say 10% is still being optimistic.
That brings it down to 15.60 per "stub".
I also think 100mil shares out, in the future, is WAY too low. It will end up being more like 250 to 300 mil, especially if the stock continues to spin its wheels for the next 2 or 3 years.
That brings it down to 5 bucks a share. Best case scenario. And that factors in zero contingency.
Sorry if I'm coming across as rude; I don't mean to. It's just that the blue sky predictions seem so unrealistic to me.
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Guys,
I ran some quick calculations.
If Selodong ends up being 3 billion pounds of copper and 6.6 million ounces of gold, this will be a major discovery, right?
Total in situ value for Selodong would be $15.6B
Assume we consider a future estimate of 100M shares outstanding.
This equates to $156 per share total in situ value for Selodong.
We also have Pelangan, Mencanggah and East Elang to explore.
The stock is currently trading at only $0.87
Shouldn’t our shares be trading at much higher levels?
Muff