posted on
Dec 26, 2015 10:50PM
Thank you again BOW for this proof of Primed's claims! This excerpt below taking from your post, shows Primed placing a very high value on the Carmi, it looks like over $2.50 a share! In my post the other day, I mentioned I thought Primed said over .20 a share, but NOW SEE that it was much higher than what I remembered! The price of Moly is presently not worth as much now, as when Primed did his calculations, nevertheless, a conservative 5th of his evaluation would still put the value of SLI stock around .50 per share, a far cry from the present .02. And, I have to mostly agree with Primed's calculations in establishing value of SLI shares back then. I guess we know the Carmi still has a lot of value today, as evidenced in Molsons post the other day, where $100,000 was paid to get some of the properties back that were lost, due in part, by Lori,s negligence. On a buyout scenario, with no leasee involved, a 10% of in situ value is a rule of thumb, which would put about .25 per share in the hands of SLI shareholders at that time, perhaps today, still around .08 per share, on a buyout scenario.
I believe Primed's calculations were done by using the factual National Instrument 43-101 Technical Report, which means it is accepted by the TSXV and BCSC as being a legitimate 43-101 Instrument and that a value can be obtained from the resource by using the accepted grades and tonnage. Because of this, Primed's calculations, if no mistakes, are accurate to the degree of his math. These are not speculative numbers he used, but actual numbers to arrive at that value.
What Primed said:
"These number indicate that SLI has a REAL value of just over $2.70 a share. I have not updated these numbers yet but I was told that the moly project actually has double the resource that I have given SLI credit for. That would put the stock value at approximately $5."