RE: T/A Update >>> With, say, 300 Million shares (assuming we had to dilute for building expenses) would come to $2,305 per share. Or is it $230.50 per share?<<<
Once in production we will shift to looking at cash flow instead of pounds of manganese in the ground. The current presentation mentions producing 110 million pounds per year of EMM. A cash flow of $100 million with 300 million shares could support a share price of $3-$4. These figures undoubtedly will change. The 110 million pounds per year production level was chosen long before the latest work on production method. Also, no accounting has been made for profit from EMD (or CMD).
Looked again at the 5-year chart of the stock and smiled at the peaks and valleys. Over the last few years I have bought and sold this stock, doing quite well. When we get closer to production I will buy and hold. Until then I will buy low and sell higher. Am happy with my recent share purchase at .42.