Re: Premier Discovers High-Grade Gold Zone at Hardrock 1141.54 g/t Au

Timmins & Beardmore - Northern Ontario

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red911

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Re: Premier Discovers High-Grade Gold Zone at Hardrock 1141.54 g/t Au

in response to

Re: Premier Discovers High-Grade Gold Zone at Hardrock 1141.54 g/t Au

fasteddie

posted on Sep 14, 2009 04:25PM

Anyone want to guess where the stock price would move to if Sage put out holes like this from Paint Lake....

So RMK-v up 9 cents today (45%!) on Hardrock assays... RMK-v has 190 million shares out by the way... therefore, RMK-v added $17 million to its market cap today... FYI RMK-v only owns 30% of this Hardrock property... So... IF RMK-v owned 100% of Hardrock (as SGX does with Paint Lake) we could assume RMK-v would have added about $56 million to its market cap... a $56 million addition to SGX market cap would equate to an increase per share of about 22 cents... 6 cents + 22 cents... I like those numbers... We can dream but until we see it... 6 cents we stay...

On the positive side... so much for people saying large floats get in the way of share price increases... it's all about the results... IF SGX could pull drill results similar to recent SP channels we will move IMO...