GREY:LEWCF - Post by User
Post by
stock2008on Jan 06, 2011 3:53pm
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Post# 17935000
move up to 20 cents
move up to 20 centsIf the stock is at 20 cents starting monday and stays that way until the 24th, the warrants will expire before the end of february. If some drilling is done by the end of february and the results show evidence of a mega deposit, a possible takeover bid might occur in March unless Leeward wants to build a plant to mine the molybdenum. Either way, I think the stock could go up to 10 dollars a share before an another PP were to occur or a takeover were to occur. After the warrants are executed, funding would be enough. A PP of 10 million shares at $10/ share would give us enough money to build the mine. Assuming 800 million pounds of molybdenum at $30/ pound gives us $24 billion dollars of mining at a cost of $6/pond for net profit of 19 billion dollars and shares outstanding of 160 million or a profit of $119/share. Lets say the life of the mine is 25 years. Therefore 32000000 pounds are mined every year at $24/ pound profit giving us 768 million dollars. This gives a profit of $4.80/ share. In short we should settle for no less than $5/ share and that should happen before the end of the year.