ILST CEO said in the recent webinar that ILST would enjoy *at least* $5M net profit annually once gold production starts. With a 950M o/s that is .0053 earning per share.
The industry standard P/E ratio for the mining industry is 25-30.
25p/e x .0053eps = .1325 per share
30p/e x .0053eps = .159 per share
We have a legitimate share valuation of .1325 to .159 once production begins. I would say that speculation of production happening SOON based on the the known gold resource on the Van Deemen project and the quality management team here on ILST would take us at least into pennyland from current levels.
ILST is the biggest no-brainer I've ever seen folks.
This is the most undervalued play on the OTC based on what we already know about the Van Deemen project and the management team that has already proven they know how to take projects from plan to production.
Based on the last 3 PRs we know the following: --they're coming out of a quiet period. --they've been working on a SEC Guide 7 Technical Report --there is at least 34,000oz of gold in a relatively concentrated area (34,000oz = $40,000,000 at today's gold prices) --CEO believes the Guide 7 report will show "significantly increased resource" --they have an all-star team that has proven their ability to bring previous gold projects online http://ih.advfn.com/p.php?pid=nmona&article=69000858 --they've staked additional claims http://ih.advfn.com/p.php?pid=nmona&article=68965977 --we know the gold at Van Deemen is economical to mine (close to surface, electricity, and access roads
Here is the recent virtual tour webinar below on YouTube. This junior miner is 100% the real deal gang. Don't flush your money on the scams. A measly $500 gets you a million shares here which could turn into over $100,000+++ once the gold bug community starts finding out about ILST.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.