Re: Some math estimates for SPQ CHromite values....
posted on
Mar 18, 2010 11:18AM
First Explorer at the "Ring of Fire" and presently drilling on the "BIG DADDY" Chromite/Pge's jv'd property...yet we were robbed
$60 Billion$$ value for SPQ...
This is still in my view a very conservative number, we are counting on any PGEs processed, which have been confirmed, alaso we are not counting on any Nickel find, and the 4 or so VMS described by Magbetics and Electromags, as well asThe Micon report......Now I don't need to do the math here to show you what SPQwill really be worth per share, you can do that yourself , but I will say one thing, IT IS CERTAINLY NOT 10 cents.
John, be careful on how you present your arguments. You are using a lot of wishful extrapolation in this argument. While I hope you are right, I don't think we are doing the investment community any favours by inflating our estimate. Even a more realistic value of 1/10 of your values would be more reasonable.
I happen to agree we are worth more than 10 cents, but your pump is more harmful than helpful.