TSXV:EPO.H - Post by User
Comment by
srpaton Feb 06, 2014 8:32am
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Post# 22178262
RE:This pretty much says it all...for me anyways...!!!
RE:This pretty much says it all...for me anyways...!!!
The problem with that, as others have stated, is that was a few years ago. This is a completely different world for junior potash companies now and there is NO STANDARD for what a company is worth since there have been no buyouts since Athabasca and Potash One.
There is no way to tell what Encanto will be worth with an offtake, or even with project financing when they get that far. It is possible that the market keeps ignoring Encanto until they actually build the mine (I think this merits a nod of agreement from PreyingMantis).
However, even if the market ignores news like that, they will not be able to ignore earnings and revenue numbers once production begins.
Sit and wait and patiently watch the progress.