GREY:SLKEF - Post by User
Comment by
whaleron Jan 07, 2010 1:21pm
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Post# 16650490
RE: ISM Worth North of $3.00+
RE: ISM Worth North of $3.00+Tony you talking about a $ value based solely on the report's proven Nickel.
A few other things will and should come into play,
1) the possibility for proving up that other 20-40 million tons that have been identified and mentioned by Micon ( for another 6 million and the time in drilling. Those credit minerals??
2) if Proven that could raise the value of Nickel per share probably a low of 2.20 to 4.40 in the unproven ore. Assuming it may be the same characteristics as what they have proven.
3) the cash in the bank is about 30 cents a share
4) the other properties that ISM has in their holdings? What are they worth?
So as it stands we are still where Randy Miller said we are "undervalued"
We could be looking at a speculative $6.00 to $8.00 once things get going. IMHO