Post by
Doingmybest on Feb 17, 2015 12:00pm
Share price expectations
Hi All,
Been here for years and have experienced a disappointing couple of weeks. Reviewed the FS further and it looks like management has estimated approximately 90M in sales once the mine is up and running.
With that being said, a market cap of 40M with no contracts doesn't seem unreasonable. Once a contract gets locked in, we could drift up to the 80-100M range. Long-term, I've lowered my expectations because mining companies that push 90M in annual sales aren't worth 1000M in market cap. I'd like to see us reach $0.35/share and if that happens, I'd likely sell.
Any other thoughts or ideas? What market cap do you see as attainable? Why?
Comment by
frewil1 on Feb 17, 2015 1:32pm
I will give managment a couple of more months to sign some deals , if nothing happens I'm most likely going to unload some of my position down here , have bought a fair amount at these levels. GL
Comment by
juniorcal on Feb 17, 2015 8:31pm
My average pay for EGZ is low teens and started my positions for about 18 months. added more on lows . I go long and will hold for another 12/18 months as I see management delivered what promised till FS. they are taking the steps and now is waiting game to get respond from off-take partners .
Comment by
tiger6301 on Feb 17, 2015 9:27pm
My average is much higher than your guys, now I am in the water. I more see off-takes first within the next few months, then the hard part is financing. These days it is so hard to get financing from the banks or whoever, unless you are so profitable, just hope EGZ is one of them. tiger
Comment by
juniorcal on Feb 19, 2015 10:27am
Well at this level hard to see anybody on the green side , never gone below 0.105 . even FMS lowest 0.36 and now around 0.40 or GPH lowest 0.075 and now around 0.085 . none of them breaking down their low level.