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Message: Shoreham Valuations

Shoreham Valuations

posted on May 27, 2009 09:32AM

Boy has alot happened in the past 2 days. Good thing Bending came to his senses, however clearly he has damaged investor confidence. Having said that, lets remember why this company has VALUE.

Marudi Mountain- Surface mining to begin in November with Rexma- Potential value to the sp (with current shares) of at least $1.

The company has completed some PPs recently which provide funds for continued drilling in Guyana.

Guyana shield- JV with Mulgravian- A sweet deal sure to bring SMH some $$ in the near future.

My guess is Bending has learned something here. If so, now is the time to buy this stock people if you haven't already.

Ven

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