RE:RE:RE:RE:RE:RE:25 years and still waiting for my first dividend JCSunsfan wrote: This should be a $7 stock the day Florence starts producing. I am not saying it will be, but it should be. And thats at $4.25 copper. That's just based upon the EBITDA of the two mines and a reasonable PE for the industry.
If they get that tax credit, it will add about 20% of the market cap in cash. Thats just a bonus.
If copper runs up, the price will run up more.
As the price approaches $5 it will get more attention because some institutions cannot buy stocks under $5 by rule.
And who knows, maybe there will be some NP news in the next few months.
The only risk is copper crashing. It may drop some, but it wont crash.
Florence will be running in 12 months.
Simple. Keep buying every time the share price drops below $2 US. No brainer, still have 9 months or so to accumulate. Use this final year before Florence starts producing as your friend.