I'm still happy with my prior stab at a 3 to 5 year target of $5, while noting a few pages HAVE fallen off the calendar... which seems it is not time that has been wasted.
Otherwise, I think do Onta has made a fairly decent stab at the underpinnings of potential valuation... which leaves you still needing to parse proper market discounts you think should apply, looking at the elements in "feasibility" others will value, too... along with some guess at what the things they have will be worth in the market for "deal making" that is perhaps a bit different than what they might be worth on the pinksheets ?
I wouldn't mind, or be surprised, to see a fairly significant upward bias begin to occur as it becomes a bit more obvious that SRSR really IS going to define that sort of value, while proving that it really does exist, even if others STILL aren't seeing it, yet...
The "deal" threshold for value recognition others have postured is real, as a defining point in transition... but, it isn't the only threshold that matters... and, it isn't even close to being "the one" that the market TENDS to rely on in validating perspective on initial potential. Deals being announced tend to deliver discontinuous moves to the "deal price", still assuming you can tell what the "deal price" is, if there isn't anything like a cash sale that occurs ?
I'll WAG that SRSR will be fairly likely to prove able to clear $0.80 to $1 based on some "lesser" bits of news that are "short" of announcing "a done deal"... when that sort of news occurs that makes it more obvious that a deal WILL be done. The prior chart pattern highs around $0.20 are "low" for what I think it could do, still just based on non-deal news, IMO.
Otherwise, a lot depends on complexity in stuff nobody knows... what "the market" does two months from now, or three... what SRSR's steel producer customers are doing then... what the market is thinking about REEs and specialty metal producers... which might change a lot, soon, etc.
A deal being done might generate a short cut to $5, but with timing no one is able to predict ? From "the end of summer" to perhaps a year from now ?? Either works for me... when the benefit is that sort of a ride. I'd rather bias things toward getting the ride, than toward pushing it in timing.
I think it is reasonable to expect the next two or three months will be likely to prove "interesting" for SRSR... and then, the next six to eight... even more so.
Given some initial move or set of moves, I think others here probably will have a better "feel" for the probable future trajectory in the market than I will... given I don't ever really focus too much effort on trying to define the details of "the ride" between a starting or entry point and an obvious market plateau...
Look at charts of others that have followed through without disruption on what SRSR appeared it was beginning... back last year ? Look at a 3 year weekly chart of QCOR, or a one year weekly chart of MILL ? Is there any reason to expect either one of them "should have" carved a chart pattern differently than they did ? I made a few timely calls on those saying "they're not done yet"... but, otherwise never tried to predict exactly when or how they would change ?
For now, I don't see any point in projecting any more beyond that $5 it seems they could do with what is value in hand. If SRSR does a JV and keeps a substantial interest, they could move well above $5 in time. They might do that, too, if they use proceeds of deals well. No one knows, yet... given dependency on unknowns.
AI
