RE: RE: 11.5 As mentioned I have seen this happen before in coal, potash, and uranium. SP flounders around in the low pennies, some bankable news on the horizon generates some interest but mostly sures up the volume (this is happening now), then some solid progression (ie license) starts to move up nicely, then a catalyst and boom $1-4 even $6 then over 12 months crashes back down to reality somewhere over a dollar. Then the long haul slow move up as it moves from a speculative to an actual producer.
RJM you can not just divide the market value of rocks in the ground by the number of shares as you are essentially ignoring what it takes to get it out of the ground and to market. I appreciate you are just illustrating but lets keep the board realistic. 10-20% value in the ground is a decent general benchmark with the amount being closer to 10% given the jurisdiction which lacks a substantive track record on the global stage.
But yes .08, .10, .15 and .25 will likely seem like a 20/20 Bargoon for those willing to ride this 24 month roller coaster.
GLTA
(and woohoo my paragraphs are back!)