RE:RE:next resource estimate400m plus are what we see shared on this platform and other forums which has little influence on the SP if any. Most analysts covering this stock are expecting on average 320m. There is much more weight in the investment comunity using analysts than these boards. We all know that analyst's are always conservative with their estimates to cover thier butts. Point is that the current selling price is not based on 400M lbs in the bag. When new RE comes out, I expect a 28% increase in SP.
quakes99 wrote: Hi bozzy. The answer to that depends on what the market already expects in terms of a resource size. If the expectation, as promoted on this board, ceo.ca, and through other forums and media is that 400M lbs is already in the bag... then the share price won't move much at all. If the RE comes in well under 400M lbs then you can probably expect the share price to drop, as traders will eir bithe disappointment.
That's the danger that comes with over-hyped and over-promoted projects. Expectations get so high that they are already baked in to the share price, and subject to selling disappointment if the RE doesn't measure up.
Good luck with your investments!
bozzybozzy11262 wrote: When the next one comes out soon and lets says its about 400 million lbs evenly split between indicated and,how much will the market pay for it per pound? $4 or $5 per pound may be?In other words what will the share price look like about a week after the report?Any reasonable guesses at 400 million pounds>Thx