Re: Share Value...cont'd....
in response to
by
posted on
Jun 19, 2011 03:12PM
Keep in mind, the opinions on this site are for the most part speculation and are not necessarily the opinions of the company WITHOUT PREJUDICE
When you look back at this last year, I guess many investors have good reason to think that $10 per share would be a good thing, including many that I have introduced to this. We had so many delays, share price manipulation (which can be very scary for new investors), political worries & elections, drill permit concerns etc. Look at our permit guess date, even all the investors that think we've done all our DD etc, got blown out of the water by the date. We were not even close. Bushboy had the only close guess from the original first round.
However, that was then & this is now. We are in a totally different time frame now. We do have the permit, we are drilling, or very soon anyway (around the clock as well), trenching, etc. This now will happen IMO very quickly. The political concerns don't seem to be an issue. Everything now, is totally sitting in our favor, and it really is time to understand your SLI Potential!
At our Cold Lake Meeting, I will for sure do the best I can to inform those 55 investors, and hopefully that branches out to many more from there. I have some good examples of a Math estimate & the takeout comparisons. Remember Math don't lie!!
When you look at my post from yesterday, I had three examples of recent takeouts. Those numbers are facts (or very close approx values) And, Aurelian was very low!
Remember the average gold reserves of the three examples was 6.58 Million OZ & the average equivalent SLI share price (taking the fully diluted outstanding shares into account) was $18 per share. Those are facts! So the only unknown (which is a huge one till the drill prove) is how many OZ do we have?
Well, in my other example we had 102 Million OZ from only the one anomaly, scaled back by 68%, and at only 1g/T. Does this not seem conservative, since we've averaged 29g/T?
Well, like I said 102 Million OZ is 15.5 times bigger than the average of 6.58 Million OZ
So, $18 per share X 15.5 = $279 per share.
These numbers are all facts, other than the 102 Million OZ. But like we all say, we think the justification is in the link library to totally justify these predictions, if not more!
Bow2U