RE: Atac shares jumpGreat article, this guy just hit it right on the head.
Should be interesting with the next couple of NR's. The present market cap is indeed high at present, if for some reason the Rackla belt becomes uneconomical the SP has a long way to go down. On the other hand if results continue to form out an economic deposit the share price will enter a whole new arena, Think of Canadian stocks in the past that ran from pennies into the hundreds of dollars, what happens is that at some point everyone wants a piece and all the funds start to move in. I understand a $100 SP would give us a $10 billion market cap and at present that appears insane but relative to the Carlin trend it starts to look feasible.
If Newmont or Barrick decided to try to buy out the whole Carlin trend at present for $10 billion they would be laughed at and that after 40 years of mining it.
What we have here is a beautiful new virgin stepping up to the alter.
I don't care what the SP does at present and I will certainly load up on dips.
I just want to be here when the father gives away the bride.