Re: Wake me at $20.00! zzzzzzzzzzzzzzzzz crazydik
in response to
by
posted on
Dec 29, 2007 08:47AM
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
He was obviously very nervous for that presentation but I cannot believe a guy of his position would say something like that without some reason. As for what happens to SP once we prove 70 and 700 M tonnes of ore...I like the adding zero's to our share price. It is a good way to ball park it. Of course this assumes the grades hold up. That would be 400$ per share if we hit 700M tonnes...
700Mtx800$per tonne is 560B in the ground, 10% valuation is 56B$ is roughly 100x our current valuation at 500M so 4$ shares would then be $400!!
Glorieux