Re: Great News
in response to
by
posted on
Sep 18, 2009 04:56PM
(Edit this message through the "fast facts" section)
Hi Life,
They are talking about the NG industry in general. They are saying that the profits willl be up 5X so that will havec a huge effect on the sp if you want to think of profit as cash flow for the company. More cash flow the higher the sp. My guess is that at that time the sp will be much higher than your suggested 16.60. When the sp was 4.70, Peter Hodson ( Sprott) said that he thought the stock could be a 40-50 bagger once the resource firmed up. I like our chances just looking at how well we are doing with results so far.
BCQEC