RE:RE:$5 sh for erin, how? please answer. If I understand correctly, the best way to do a valuation is with a Discounted Cash Flow Model. Considering we still do not have any Measured Reserves it is all fun speculation, but that maybe all change very soon.
I believe the Cash Flow information has been provided in one of Erin's documents, but the backbone of it dictates $69M/year profit, and a tax holiday for the first 5 years I belive. From there you can do some formulating. The $69M was from a while back, so I tacked in a little extra, it's also in US $ so convert to Canadian. Let's call it $100M/year divided by 2 because we get half. Let's assume a ton of warrants are executed, because there will be(also providing cash flow until we can get mining), safe to say 200M shares after Options for Managaement etc.
So $50M/200M shares, .25/share profit/year early on. With a 10X multiplier thats $2.50/share as kind of a base line. Maybe speculation says higher or lower.
Of course the boron price could be very dated and our high grade non-arsenic material makes it worth way more, take it up a notch. Maybe we drill around the edges, the reserves go up, the forcasters say we can product 20% more a year, well there you go. Maybe we poke holes in the valley like Swiss Cheese and find Boron like Turkey(the Country), that provides all kinds of speculative trading.
I'm no expert but that's what where I get to $2/share plus. Lots of room for increased valuations though. And isn't a 20-30 bagger a pretty lofty good payout. I'm afraid out investments 5+ years ago were poor ones, but more recent bets should prove fruitful if things advance along as planned now.
Should be the biggest week of Erin's life coming up. Can't wait for the fireworks.