GREY:NATUF - Post by User
Comment by
paloyanon Feb 08, 2001 8:16am
103 Views
Post# 3281005
RE: New Here...
RE: New Here...Valuation of NTC depends on several factors: These include
1)price of tungsten in addition to: 2)whether a production decision
is made in the next several weeks. One comparison is that at the
current prices of tungsten, the old company (canada tungsten)
was valued at about $100,000,000 market cap. If you extrapolate
that to NTC (with about 30 mil shares fully diluted), you could argue
that by the end of the year, we could see NTC in the $1-3 range.
This assumes that NTC could be in production before the end of 2001.
It has been estimated that $5 mill is required to get the mine
going again, and 5 months. Needless to say, anything can happen
to alter this outlook, e.g. decline in tungsten price, delays in
a production decision, and other, technical problems. Hope this
helps.
Dan