Post by
surething1111 on Jan 05, 2023 8:57am
Year-end price prediction
Goldjknf,
Hope I'm not too late on this, but my prediction is 1.55 per share.
My reasoning is as follows:
We now have 2 high probability projects:
Moosehead,
We now are back following the source of the ultra high grade at the footwall splay. Remember these kind of finds don't occur in a vacuum. As we track deeper(and stay on target), expect remarkable intercepts. Anyone that has followed the Swan Lake discovery will note the vast similarities. Source appears as a narrow cross fault system, either sourced independently, or as I suspect, traces back to the 52 area of the main Valentine Lake fault.
In decent gold market, I would expect a 2.50-3.00 price range for this property alone, with continued drilling success. Remember we already have 1.2-1.4 million oz. of shallow high grade(my envelope calculation). We have a mine....... question is how large.
Lithium project.
Going off recent visuals, and intercepts, I recently not only added more SIC, but also Benton. I feel quite confident that assays for these cores will come in at multi percent ranges. Remember that lithium being a low density material, many times surface trenche results represents diluted grades(unlike gold). Thinking that Kraken may add 2.00 to our share price.
Being the eternal optimist that I am(note my name), I've decided to divide my projection by a factor of 3.
Just my 2 cents.,.....sorry for the rambling
Best longs
S
Comment by
ggnewmex1 on Jan 05, 2023 10:19pm
Agreed, thanks to all in this "contest" who offered opinions
Comment by
surething1111 on Jan 07, 2023 1:48pm
Thanks for including ggnewmex1 I seem to have forgotten who set up this contest......maybe wife and kids are right about my senility......In any event, I'll just chalk up to another senior moment lol. BC.....if it makes you feel better maybe I should have used a multiplying factor of 3. We should never under estimate the lithium market eh? Best S