stock will be over $0.50 by year end and over $1 next yearMark my words.
Regardless of what happens to gold or silver prices, this stock will be trading over 50 cents by year end and over $1 next year just based on cash flow alone.
Do the math. The target has a piepline of streams/royalties with annual cash flow of US$15 million. Streaming/royalty stocks in the mining sector trade at an average multiple of 20 times cash flow. This implies a total market value of US$300 millon ($400 million Canadian). Even if factor in dilution to acquire the target company, stock will rocket as developments occur. Current market cap of XBR is about $9 million Canadian.