RE:RE:Price$/OZThis stock is still excessively cheap, even after the current run.
New resources came outDecember 10th.
Now the stock price closed at 14 cents on Dec 9. So
$0.14 X (Shares count fully diluted) 365,400,000) = MCAP $51,156,000/(Previous resource) 2,063,500 = $23.52
So the cost was $23.52 per OZ
If we keep the current $23.52 oz number and apply it to the new resource of 5,479,000
$23.52 X 5,479,000 = MCAP $128,852,560 / (Shares count fully diluted) 365,400,000)=
Share Price $.35
So just to get to the same price per oz from before the new resource was announced the price needs to start from $.35 just to be even to the previous resource level.
If we use $50 per OZ = $0.75
OR
If we use $100 per OZ = $1.50
Any way you slice it, this is just starting to get going.
Enjoy the ride!