RE:$3.00 or NO DEAL !!!A few days ago I posted a $4.50 projected sale price but my post seemed to get buried by a lot of gibberish, juvenile posts so it's great to see a post inviting some adult thoughtful discussion. Basically I don't think a sale will happen until after a 43-101 which will be produced later this year or early in 2015. I think the 43-101 will prove up at least 100M lbs and the 100 other conductors on this property will establish blue sky pound potential. I see the 43-101 resulting in a bidding war driving the price to at least $12/lb. This will result in a $1.2B market cap. The blue sky potential will produce a 50% premium in recognition of the high probability of at least 150M lbs on PLS resulting in a $1.8B sale price. Even allowing for further dilution to 400M shares this produces a share price of $4.50 (i.e. $1.8B/400Mshares).
I think what I have presented is very plausible but I welcome other serious adult opinions on this. I learn alot from the serious posters on this board so maybe we can get back to some adult discussions. JMHO - GLTA. Thanks