Re: Why this NO Crusade - BullyBoy
in response to
by
posted on
Jun 06, 2008 05:48PM
First Explorer at the "Ring of Fire" and presently drilling on the "BIG DADDY" Chromite/Pge's jv'd property...yet we were robbed
I think you are missing the point BB. It doesn't matter a bit what the SP is when you look at the following:
Company Shares Cap (million)
WSR 111 million $74.5
PRB 30 million $19.06
FNC 27 million $41.5
BMK 140 million $29.6
MTX 93 million $38
NOT 129 million $470
FWR 178 million $71
Spider? 300 million $18 ($30 two weeks ago)
For the last time:
It is the value of what the market sees in the ground that will set the market cap. If the market believes we are sitting on a $300 million share in a jv (considering the properties, this is more than feasible), then our stock will hit $1.00. No consideration will be given to the number of shares at that point.