RE:RE:Holy Moly!!! outerspacea,
no worries...it will come. Today we have the share price of companies exploding without any fundamentals and there will be a lot bursting bubbles in the near future.
In our case management has been building up a "tungsten empire" in the background without mainstream really noticing...
but just take a look the latest presentation of the company and the cash flow this machine will be generating the upcoming years, once Sangdong is running. The revenues will be getting close the outstanding shares of the company and this without the moly.
We can now realistically assume (historical reserves to be confirmed) that the moly mine just underneath with create close to the same as the monster tungsten mine just above it.
Without the moly, the revenues of the company are expected to be around 150 mio usd per annum once Sangdong is purring like a kitten (refer to presentation). Now add the moly (quote NR: If confirmed, this would create one of the world’s largest long life high grade Molybdenum projects); for which I would conservatively consider between 50-100 mio usd per annum...which leads to roughly 200-250 mio usd per annum!
today, we are sitting at 0.78 CAD with roughly 200 mio shares outstanding, I will let you do the maths on how ridiculous our valuation is a the moment (even without the moly!)
so if you have the patience, its going to be a hell of a ride...