Price vs RiskI do not think Mr Economo is working on a take over cenario.
I think the price is fair now giving the fact that a lot of people paid 10 cents for that co a few months ago.
I also think that FMS will worth more than 10$ at maturity (2 years)
The reason why the sp is not around that level yet is because of all the risks.
The following steps are what I would expect to come this year:
After the AGM,
-A few press releases to inform us
-A PP at the best price (between1$ and 2$) to secure the next 2 years
-Discussions between fms directors about the strategy to adopte
-A few months to prepare all the datas to present to a potential JV partner
-A JV deal with a major company to work on the graphite project, that would put more value to SP right away.
-A calendar of operation that would give us a clear picture of the the futur cash flow from the operation
-Maybe another pp at very high level
-News on the ND and value of that deposit
-Deal on ND and other minerals, maybe a spinn off?
-Putting all the money to the bank :-)
Knowing that the graphite only, gives us more than 20 years of production of a product that will never stop to jump in price and demand, it's easy to see a sp way north of 10$ at maturity. BUT they's risk at every level that the next one could fail for many reasons... that's why we're at 1.25$
I think it's a 10 bagger from here and willhold to 90% of my shares until then.
This is my opinion only.