Obviously, Tangi, I feel your are reffering to me with the $100 quote as I built the case for it. Here is a copy of the message:
So maybe I just live with rose colour glasses (I am an optometrist) but to me, there is a good chance this stock will see $100. Am I pumping, not in the true sense (as not here to pump and dump) but I am going to make the case for this. Here is my logic in reverse.
100 share price means a market cap of 13 billion dollars at a dilution of share after warrants and all of 130 million shares.
13 B market cap at a 30% In situe value based on large tonnage deposit, shallow depth, great grades...would be a deposit of 45Billion dollars
A 45Billion dollars in the ground deposit at $800 per tonne would be 56M tons.
We have so far about 5M tons, so we need another 10 of these deposits out of the thousand or so anomalies or 1%.
I like these odds of going to $100 but the best thing is even if we never see $100, we will see much more than the $5.00 for which this stock is available right now. So I am going to sit back and enjoy the ride.
At $20 we can wake up Crazydick, at $100, we can book flights to a tropical location and have a Party!!
Glorieux
So now with 3 out of 4 anomalies being mineralized and the fourth will probably also be, we have to wait for them to drill deeper, we are hitting for a great percentage. Will we get to 56M tons? Given the time I believe we will. As for a hostile take over where shareholders may not realize what we have and having them them give their shares up for $35 I see 2 problems with that. One is the poison pill that we have built into the share protection program. Some big money does own a significant % of NOT and they know how the game is played and will not take $35 per share if they do not believe this to be the top dollar.
Secondly, Other majors are not going to sit and let and let their competitor pick this up on the cheap. A bidding war will ensue and that will drive the price way north of $35 if we prove up 56M tons.
So folks, do not think that $35 is a roof over our heads. If we keep turning anomalies into deposits, the sky is the limit!!
Glorieux
