I'm going to throw another formula out here, G. It is one that I have used reasonably successfully in the past, but still only theoretical.

Every company out there actively exploring for mineralization has the potential to provide the opportunity for a 10-12 bagger IF things work as they foresee. My strategy has always involved rating their intentions on a basis of 0-1 with 10 steps of .1. For instance, and to use someone we all understand, let's say NOT has a rating of .5. That means NOT has a 50% chance of hitting something substantial in the short term that will result in a 10 bagger.

The situation with GCM is very different, partly because the potential could be a payoff of 100 times making it very lucrative.

The problem, though, is that this potential is based on 8 or 10 different factors working out as they have planned. The exploration program has to be successful. The political situation has to stabilize. Buyouts have to be successfully completed with artisan miners. A whole town has to be physically moved. Costs have to be lowered. Other factors are involved also, but this gives the general idea.

Using my formula, and if every one of these factors are successful , there is the potential for a 100 bagger as you suggest. If not , the payoff will be lowered, and that is where the formula really shows up, because each factor multiplies by itself. It would be reasonable at this point to give each of these factors a rating of .5 (or 50%).

If there were 6 factors to be concerned with, and each had a 50% chance of success, then multiply .5 by itself 5 times to get the likelihood of success.

It may sound silly, but it works. Unfortunately, there is a 1.5% chance or less, that this thing will come out as you have described.

Obviously bored on a quiet winter's evening.

K