RE:RE:Market Responsebrianjames wrote: He said it's over a billion dollar project that's trading at a value of 20 Million only.
Simple math says......50X share price? Is that even possible?
BJ
No. It's not going to trade at it's full NPV. You're looking at P/NAV for producing mines in gold that get a full valuation.
It should however, be trading at least between 5-10% NPV minimum. In CAD, this should be somewhere around 70-120M.
Market is asleep. Enjoy the moment and buy more.