RE:RE:Soon Chief will have Pool like Justin Bieber birch1 wrote: Chief, I give it a couple of years and with a little increase in float, the SP will be $10 easily. JMHO
Not sure about $10 but can easily see if revenues are as projected then $7,00 is doable. What seperates us from the herd of also rans is
1) Capex will be less then $15,000,000
2) Surface deposit
3) Trained personnel in the area
4) Both Communities are 100% behind the project
5) No native issues
6) Niche' market where no others can compete
So "IF" we reach 5000 tons a year then I think $7.00-$7.50 is doable and that assumes a continued improving Rolling Resource and clients willing to pay $15K average per ton.
THats $75,000,000US after expenses should put us at about $65,000,000 thats a $1.00 a share.
If the market rewards us with a 10 multiple then you would be right, but the market appears to be not doing that lately unless you are Teckie. So..... 7ish?