Share price expectationsHi All,
Been here for years and have experienced a disappointing couple of weeks. Reviewed the FS further and it looks like management has estimated approximately 90M in sales once the mine is up and running.
With that being said, a market cap of 40M with no contracts doesn't seem unreasonable. Once a contract gets locked in, we could drift up to the 80-100M range. Long-term, I've lowered my expectations because mining companies that push 90M in annual sales aren't worth 1000M in market cap. I'd like to see us reach $0.35/share and if that happens, I'd likely sell.
Any other thoughts or ideas? What market cap do you see as attainable? Why?