GREY:ESOFD - Post by User
Comment by
Rain99on Nov 15, 2012 11:50am
274 Views
Post# 20604821
RE: RE: RE: Hathor comparison -- a summary
RE: RE: RE: Hathor comparison -- a summary As a LONG time follower of Alpha (what is now Alpha) i have always had a strong belief in the management team and their abilities to move projects forward... just look at the President Ben Ainsworth and Hathor!. I FULLY agree with Tinmann here! the potential here is incredible. This deposit could be a monster. The boulder train is the largest boulder field (HIGH GRADE U3O8) that has EVER been discovered in the Athabasca BAsin. Combine that with the recent discover that is NOT the source of the boulders and is considered a BONUS discovery by BEN himself!
With that being said, look at the opportunity when put in the context of Market Cap. 13M shares out even on a small discovery/deposit you are looking at a $5 stock (which would only be $65M market Cap!)... if the deposit grows which by the last news release it shows that this deposit is ope to the East, West and North, this could be huge! which would exponentially increase the price. Like Tinmann states this is still early stage but the comparisons to Hathor are very valid at this point except that this deposit is at a much shallower depth which = lower capex which = higher NAV!
I think the issues holding things down here are the fact that the stock moved so quickly so fast that people dont believe that there is much more upside butin my opinion I think we could still see a 10 bagger from here!
This is just my opinion here... DYODD!
low Market cap + huge potential deposit = $$$
GLTA!