Comment by erieshoreon May 06, 2025 12:55pm
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Post# 36563052
RE:Production of over 100,000 ounces planned and doable
RE:Production of over 100,000 ounces planned and doableSomething is wrong with the market pricing now, big time.
Wehn MAE starts producting (before long (at the rate of 50,000 ozs per year, that implies a 12 month profit of 100 million (50,000 ozs times net $2,000 per oz). But 100 million is more than the current market cap!
And of course that doubles when they achieve the proejcted 100 k ozs in a year or two.
Even on a fully dilluted scenario, it's still a lot of income per share for a stock trading at current levels.
So, I'm adding today.
Erie