RE:optimistic
Thanks for pointing out that Voisey Bay Royalty is closer to 3 million. Yahoo carries ALS's revenue at 5.3 mllion. I checked ALS's latest financials and it looks like the royalty is something around 3 million. And the company stated they expect the royalty to remain around 3 million.
As I said in my post if the ALS business plan executes according to plan, I see 19 - 20 dollars in 2014, Your 20 - 25.00 makes sense too. And I agree that the JLake project would be a win that could boost the sp to 50 in a few years. I think we all agree nothing is 100 %. Having said that, we also agree ALS is a good investment.