Drug: (in 1 week: 10,000% move) / NILI can move 7,500%This week we witnessed the stock of DRUG rally in 3 days 100,000% from +/- $ 1 to +/- $ 100 per share.
The company is in the biotech field and they had a drug, which was the same as a competitor. The competitor got bought out this week for $ 6 billion while DRUG was trading at $ 4 million market cap.
When I say that shareholders on the TSX are not that bright, I truly mean it.
We have a similar situation with NILI. We have a bigger deposit and higher grades than LAC, therefore our economics are better.
GM has invested +/- $ 1.2 billion into LAC for a 38% share. That means they valued LAC at $ 3.5 billion, and that excludes a $ 2.2 billion loan from DoD.
So we compare:
LAC market cap valued by GM: $ 3.5 billion
NILI market cap valued by shareholders 70 million
I TRUST more GM valuators as they actually paid out $ 1.2 billion and not shareholders of NILI.
That means that we need a 5,000% move on the stock to reach FMV with LAC, per GM.
By we are better than LAC, so another 50% more or 7,500% rally.
And then you wonder why I do not sell? You have to be insane knowing this and then selling.
Good Luck,