SLX PotentialThis is how I see SLX. Friday's news shows 3.4 mill tonnes but the %s are slightly lower that earlier announced. Earlier the value was about $140-$150 per tonne...today that value is nearer $110 a tonne. Multiply that by 3.4 mill tonnes then you have an asset of $374,000,000. OK, so the mine is not present today...so discount the $374 mill by, say, 80% to get from today to a porducing mine, gives a value of $75 million...with 25 million shares this should be a $3 stock plus or minus. At a full value of $374 mill, the company stock per share is $14 plus.
I am not a geologist or a prospector, and I am sure that a lot of you out there would dissagree with my numbers or logic, so I welcome your comments. For me, this has great upside, but it may take a little while (read: patience.) This stock is really undervalued...no argument from any there, but now there is a great story to tell, so hopefully the board and management get their skates on!
Right now this stock should be at the $2.00 plus mark (or $3...see above.) Once this up and running, then it should be a $10-$14 stock.
I am loooooong.