RE:RE:RE:RE:.23 cent gap as I have said, more likely will get filled
surething1111 wrote: Your cheese to chalk analogy concerns one property (Moosehead) that will be mined, to another that won't.
Come back and talk to me when gold prices reach $5000 per ounce.
I was expecting a 150 million market cap for Sic, by end of summer, but now I'm increasing it to 250 million, when looking at what market values Amk at.
surething, hisandlos presents a bizzare post and you reply by almost matching him in making claims that range from very optimistic to very far-fetched.
1) Moosehead may be mined, but I doubt SIC will do the mining. I am personally not a big fan of the the barge drilling or the location with the need for much infrastructure to be built and paid for before one can even start building a mine at that site. Thus, I suspect an acquirer won't pay what many SIC shareholders will expect to get per share if /when a takeover deal is struck.
2) The all-time high gold price was 2,075 USD set on March 8, 2022. SIC closed at 0.36 that day. Approximately when do you think the price of gold will hit 5,000, or more than double it's all-time high? I could see 3,000 within the next couple of years, but I think you are unrealistically optimistic.
3) SIC's market cap is currently just under 58M. The end of summer is technically September 23, so that means you believe SIC will more than quadruple in market cap (250M) in less than 5 months from now.
Even at its 52W high of 0.78 and ignoring the likelihood that many warrants and options have likely been exercised since the 0.78 high at strike prices far lower than 0.78 thus diluting existing shareholders, with 214M shares outstanding, that still only equates to 167M market cap if SIC hits 0.78 again, so even your original expectation of 150M seems like a stretch to me, never mind 250M.
I realize hisandlos' post may have made you a little hot under the collar, so perhaps you went a little overboard with your reply....(?)