TSXV:FCO.H - Post by User
Comment by
tresspaseron Aug 29, 2017 12:21pm
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Post# 26632813
RE:Locked in an embrace between $1.30 and $1.60
RE:Locked in an embrace between $1.30 and $1.60As is often the case, I disagree comppletely. If you look at KAT, it was trading at $14.00 per pound in 2008. It is now at .70 cents, and is likely to go to $1.50 as production starts, or double if Cobalt doubles. KAT has 2 BILLION shares (a 10x increase). This is the reason that KAT will never hit the production mark of $14 again.
ECS has had *very* little dilution, and as such a $1.40 evaluation is very low. We were trading at twice this in 2006-2007, *prior* to financing, with Cobalt at the same price. We were at $6 when we had financing almost in our grasp.
One difference is our Uranium stake is now useless. However, that was a small part of the evaluation of ECS.
I expect us to hit $1.60 in the next 4 weeks, then by Q2 of next year, just to 2.50 with financing, and another $2.00 as we approach production. If Cobalt doubles, double the estimate.