RE:So What IfCerebus1101 wrote: Let's assume we have a number 9 ledge hosting 9M ounces
What could our share value be?
Well lets put a value of $100M per 1m ounces in the ground so $900M valuation
121,500,000 - currently fully diluted
3,500,000 - assume small raise at lower level to complete pilot hole and some branchs
3,500,000 - warrants
13,500,000 - funds for phase 1 drilling - say $10M ~ .75
13,500,000 - warrants
----------------
155,500,000 shs at end of phase 1
assuming we can infer 9M ounces at end of phase 1 then share price ~ $5.80
Of course just a dream at this point
the company is not overly promotive you say and Nelson is not promotive in your discussions with him. He does not have to be, he has you to do that. Here is one of your postings from last year. How close are they to your post? A half a year later, the trading of securities is the only thing happening, trades like a dogs breakfast, no forward up momentum, only good stockholders looking to recoop their capital, loosing faith in the management and contractors. At the speed this crew operates, if they ever get to your very promotional 9 million oz. , the capitalization of mmv will be more than a BILLION shares. So your posting of a value of + $5.00 per share will never be realized. The best option for stockholders, JV with a major let the major do the work, and trim the company expenditures to the bone. That is of course if there is a major that has any interest.