RE:RE:RE:InsidersI agree that 20s would be too small, but of course depend on results.
Results similar to North slope, i.e. average 400ppm with first 2 holes should bring cap to 14-20M.
Would mean 30 - 55c/share, depending on "feelings".
50-100 would be way too early. NLC with 3.5M LCE in their pocket with 25M cash in pre-PEA stage (couple weeks from now) on hand is 87M (my another holding).
200-300ppm should keep s/p steady on hope that there is still Li, below 200 we may see drop,
Of course there is always "big dream" (800+ppm average) Then we are talking 50M+ (if market is reasonable) and that would bring SNL to dollar territory. but I am trying to manage my expectations... would be nice, no question. If it is still low with high results, it might be huge buying opportunity.