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Bullboard - Stock Discussion Forum Alpha Minerals Inc ESOFD

GREY:ESOFD - Post Discussion

Alpha Minerals Inc > Malcolm Shaw: PLS $500 million minimum
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Post by infocounts on Aug 04, 2013 7:03pm

Malcolm Shaw: PLS $500 million minimum

New Comment at Seeking Alpha:

"It's my belief that shareholders won't get to see the full size of PLS before it is purchased by a larger company. In my view, the writing is on the wall in terms of the geology... This is a substantial shear zone that is extensively mineralized along at least 800 meters, which is all that has been drill-tested to date. Whoever owns PLS will hold the keys to the Western Athabasca basin. Combine that strategic value with high grades, near surface, just off a 4-season highway (with Ft McMurray close enough to provide logistical benefits) and this is a critical deposit in terms of the potential economics and the overall Athabasca Basin development picture.

"Shea Creek and Centennial (aka Virgin River) are two known deposits that would benefit greatly from synergies with a future PLS development. At this stage, with both FCU and AMW fully funded well into the foreseeable future, I would see $500 million as a minimum project value as 50 mmlbs comes into focus. Given the impressive early drill results from the summer program, combined with the substantial untested strike length along a proven fertile shear/contact zone, I believe that the initial 50 mmlb resource target is coming into focus quicker than most would have expected.

"I believe that the importance of PLS has already been recognized by the most important players in the industry and that whoever makes a play for the project first will be stealing it before its full potential is known to the market.

"If this were 2006 or 2007 (or even late 2010/early 2011) and the spot price was on the move, I have little doubt that the PLS project would already be valued well in excess of $500 million. The spot price is virtually meaningless with respect to the fundamental value of PLS, as this is a deposit where any buyer will be looking 3-5 years out. The market doesn't get to choose when exceptional deposits are discovered, but their value is always realized by those who know that scarcity, by definition, is worth a premium in any market."

Link: https://seekingalpha.com/author/malcolm-shaw/comments

Comment by losecash on Aug 04, 2013 9:00pm
In that case........solution - since our pockets are full of cash send 20 rigs up there right now. Drill the $hit out of every area. No news releases until we are finished shoring up what evrrybody knows is there. Amw 20 bucks a share.
Comment by ncusano on Aug 05, 2013 12:18am
We will get to twenty even twenty five!
Comment by hiram_key on Aug 05, 2013 12:01pm
$500 million that's squat. The Ontario Lib's paid 600 million no show fee. this will start with a "B" for billion not "BULL ***** " all the way to $45 it's a monster!
Comment by ncusano on Aug 05, 2013 12:56pm
We could go as high as $100/share! believe the unbelievable! good luck to all!
Comment by marginedout on Aug 05, 2013 12:59pm
And ncusano must be the other identity of the previous pumper.
Comment by bridgetonowhere on Aug 06, 2013 1:51am
$100/share is exaggerated but I never took ncusano's post literally and would be surprised if somebody couldn't recognize that.   $500M seems on the light side though as it's less than HAT and PLS is pushing HAT's numbers after only one winter drill program and 3 summer holes reported.  
Comment by marginedout on Aug 05, 2013 12:57pm
 If you have some basis for a $45 share AMW value, provide it. If you are just posting garbage or some adolescent fantasy, why post at all. Only in your mind is there a connection between the value of AMW and the costs incurred by the Ontario govt for backing out of contracts. 
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