RE:RE:Estimates of value after IMC deal is confirmed.Pauly10 wrote: When the IMC deal is finalized, I estimate the stock to be around $1.50.
Maybe if they owned the entire thing free and clear, but after payment of debt (assuming immediate payment which obviously they'll want to stretch out, so this is a roughish guess) and IMC's 3 year bonus cut, and a few other things, then Woulfe share of Sangdong's book value alone would be worth about .40 a share, so they'll have to develop the other properties with some or ALL of the initial profits and get at least one of those close to production before we see a share price much about 0.6 to 0.8 (given speculative value of the Uranium properties and Muguk as well as sale of amount of other recovered metals at Sangdong (Moly, etc).
It's gonna be a few more years before we break a buck I'm thinking, unless they get lucky at Muguk and run into a shallow running rich ore vien in the first year of serious drilling on probable places that are already being marked.
But yeah, with one of the other two properties runnign as well $1.50 wouldn't be at all out of line.