Future sales priceMany people have been projecting an unrealistic SP on good results,at least when compared to what capitalized value of the company should be with results from only a couple of holes.
However this is the Canadian Venture exchange so the value of the company is not always the same as the SP. When a stock starts to run it can go to 2X or even 5X its real value before it settles down to a realistic SP as exploration continues.
The question that everyone will have to ask themselves is how much they really want to make on this stock and whether it will be a quick buck or hold on for the full ride. Personally I want $1,000,000 so I guess I will need more shares or a really healthy SP…lol