RE:20 million eodwayEodway's prediction that share price will be over $1.20 soon is based on the detailed worksheet which he and Homebone worked on and posted here yesterday. If you disagree with his prediction, you have to state which part of the worksheet is wrong. If the worksheet is correct and IRR and NPV come in as stated, share price will go up significantly. I will look at and dissect it more thoroughly. I don't think base case IRR and NPV would be that high because base case includes lower grade ore.
If WG can in fact mine the higher grade ore as starter pits at a reasonable strip ratio then the IRR and NPV will be close to Eodway prediction. I think you also need to factor in a NSR for the first nation. Wainwright used a 12% NSR.
PR said met tests recovered 70% Ag??
Including rare PGM in PEA will help as well.
twintomatoes wrote: I do get a kick out of eodway. For such a smart guy who post knowledgeable info and post, I sure do wonder about how he figures the stock price will double from 60 cents today to over 1.20 for warrant money in a few months..lol We just had two great news releases and the stock went down. Not sure why or how you would think it would gain 100% all of a sudden? This company needs to sell shakespeare!!