RE: I'm watching for a buy signal. Not yet So what you are saying is that ngc will trade for 2.5 times projected next year cash flow if ngc trades at 1 dollar ?
Ngc is projected to get about $50 million in cashflow per year once in prodution which is next year .
At one dollar per share , ngc would have a market cap of 46 million , add another 80 million needed to build a mine , so the entire company would be worth 120 million .
Now that what be sweet , to buy a company trading at 2.5 times cashflow , wow