Post by
longsidebet on Jun 09, 2011 9:16am
Food for Thought
Full disclosure I own AAA. Having said that, the market place gives AAA a value of $300 mil on an undiluted basis. This after drilling their property and before their RE. So what do you think FED is worth after it drills it's propertry which management says will be in Sept'11. Fed has 3 times the property that AAA has, FED has 50% less shares outstanding, Fed is targeting 2 billion tons of mineable resource (twice what AAA is targeting), FED has shallower deposit based on it's proximity to South Boulder's shallow resource.
All I'm trying to say is FED should be worth at least what the market value TODAY is of AAA or $300 mil, which is roughly $3.00 a share for FED.