Minecorp Energy Ltd. V.GMZ

Wondering what is a realistic SP for GMZ.V

[luckytrader2]

The float is not to big, hopefully will stay like this whithout to much dilutuion. 50¢ is it to much to ask for whit the recent events, anyway i am long had avareged down to 3.5¢ . GLT ALL

[pana2000]

Well I"m long too and at about the same average. They plan to extract 20.000tons per mont, 240000 tons per year. Coal prices have come down a bit. I think about 150$ ton is possible. This would generate about 36 million income. Net profit 35% brings in 12.6million/year. 80 million shares would be 0.15$ share. At a valuation of about 5 to 6 times earnings. So around 0.70 is possible. Why are

[luckytrader2]

I dont know why the SP is collapsing today. 0.025¢ is possible, will buy more. Maybe its because its month end.?

[pana2000]

Always the same seller. Someone is getting out at any price. Why? We're back at the pre-permit levels.I don't get it.

[crimsontiger]

Re-run your economics expecting a coal sales price of $120-$125 which is the market for 2014.  Also factor in the Sierra Club all out assault on coal in Alabama and you may get a different SP.  Both of these points are doucumented in the local Alabama press

[Bosse5050]

Hi crimsontiger Could you please give us your thoughts about a realistic SP?

[makeithappen]

$19,000,000.00 profit per year...about .28 if a good price for met coal is obtained jmo