RE:RE:Thanks Bloomfield That said, both earnings and NPV 8% are positive at today's pricing. All three projects get a green light for production. A fair share price is subjective. If the studies come in on time, and on budget, then earnings to share price would be 10 or 12 to 1. That's based on today's metals pricing. Any expansion of the projects, or increased metals prices would decrease the ratio, perhaps 8 to 1 or better. And there is definite speculative value. Investors are not only buying based on the current fundamentals, but also expectations. And that's valid. Many stocks, like Tesla for example, have high valuations based on future expectations. Those expectations may or may not be realized, and speculative value will rise and fall accordingly.
Like I said, I'm not down on this company, but 30 to 40 dollars a share with 786,000,000 shares outstanding is not going to happen. This isn't the next RIO. But ten bucks? Sure. If all the market forces line up in the right direction over the next few years it can happen.