RE:Unrealistic at 18MM$ market value!
I agree the price should be higher, but I think one thing, aside from what I mentioned in my last post, is that getting into production is a big hurdle to overcome. The company has been raising small financings of a few $100k at a time without too much difficulty. To get into production however will require $10s of millions or more. There are many companies that make it to the stage of HLM that never get too production. I have heard a figure that only 1 in 1,000 junior mining companies will ultimately be successful and make serious money. The bet you are making in buying now is that the reserves will prove out and that management (and I believe this to be the case) will be able to raise the funds and manage the project. Getting the mine into production is where I think were management should stand out from most other junior mining management teams and this should help them raise the funds when we get to that point. We are still a long way from a $38 billion valuation.