RE:RE:RE:Where I think we are going BlueChipper2020 wrote: likeike wrote: Well said as always BC . Beyond the rerating my spin is that 55 glass ceiling break is the
one that woke some people up to smell the cappaciono and more will awake to value that
is here and do not need the sugar with that. Extra 10% up today also has its own wakeup
pattern.....volume will confirm. We will have a run to a buck and the way all things are
unfolding it will be interesting how we get there.
Still see too many traders in SIC....NFG having at least 72% in tight hands is what has
in my mind made the big difference. In the time have been in SIC it has doubled in NFG
same time frame and much higher price it has tripled. Small investors trade too much
and are too scared about the share price. In my mind should have gone up 4 times to
NFG's 3 times. Regardless I am glad we are not overvalued. IKE
Agree LikeIke. Also winr88 made a great point about the Norther Miner article exposure. SIC was the best value by far with actual stellar drill results and now great land packages. NFG's drill results are so freaky they do suck the air out of the room as surething1111 posted about a while ago. However, the smart money investors and big boy investors know that SIC results are excellent. They are the ones moving the price ultimately. We get some good assays in the next week or so and we are heading to $1. At that price our valuation is still very reasonable compared to others in Newfoundland.
BC
To clarify the above. When I say 'valuation is still very reasonable compared to others ..........", I am doing just that. Comparison to what the market is giving us. Typically if I was doing a "valuation" of a junior, I need a 43-101 to give me some idea of ounce, grades, jurisdiction etc. and the price comparable companies having been selling for in $ounces. SIC has great infrastructure and jurisdication and high grade going for it already. That information on a per ounce basis divided by fully dilluted shares would normally give me some idea on "valuation". But the same could be said about NFG at this point. So I will play ball based on the rules today.
BC