GREY:NWMMF - Post by User
Comment by
varsconaon Sep 29, 2012 2:44pm
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Post# 20428605
RE: RE: RE: RE: Any guesses on a sale price?
RE: RE: RE: RE: Any guesses on a sale price? I talked with Chris last December when the SP was .08. He said that he just needed time to get NWM up to a point where it could be sold or merged for .40 to .50 per share. MC wise, he is looking in the 200 million range, give or take. Now, how can this be done. By getting reserves up to a million ozs and getting production up to 30,000 oz per year. I think this is doable and there is no need to forget why you bought the shares in the first place. I own LSG as well. The charts are similar. I continue to have similar faith. It is a bit easier for me to own LSG since I bought in @ .92. Like most people in NWM, I am way under water. BTW, I believe Chris has 9.5 million shares at an average cost on .135.