RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:The season to make moneyBuccaneerBill wrote: BuccaneerBill wrote:
diabase1 wrote: With a MC of 591M, the SP of WM is 0.75. If another company had a MC of 591M, but only had 80M shares outstanding, the SP would be $7.38. With what WM has indicated so far at Fenelon, the market is valuing WM at 591M. However, I understand what you are saying too.
Price per share is meaningless when evaluating a company. Eric has mentioned that several times also.
Billy
One can only guess what the average grade and number of ozs is at this time. If the gold was evenly dispersed you could calculate so many meters by so many meters by so many meters is x m3 at a density of y tonnes per m3 would give you z tonnes and the grade at an average zz oz/tonne and bingo you've got the total number of ozs. But we dont know what those numbers are and neither does wm at this stage. A guy like Eric will put a geo on it and come up with an estimate or just roll the dice. Im not a geo, and from what Ive seen the gold is in the veins and theres high grade and low grade and zero in between so Im not going to guess. I have no clue what wm is worth. But whatever that number is, divide it by the number of shares and thats what its worth per share.
Billy
But Kirkland lake clearly knows how much Wallbridge is worth of. That is why they directly osmosis ~10% of the company and holds 75% interest by spending 35M in exploration over 5 years. What a stealing deal!
Now that WM is going for some major drilling, my only worry is if KL take the company over before we get to see the assays and get out best deal....
Recent price action of WM stock is also telling us something orchestrating on the back stage....
Let us wait and see. Fenelon is going to rock guys!