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Now is not the time for hype, too many times the only ones left are the bag holders and it's hard to get any traction at all when the whining starts.
This will drop back until a decent drill program is announced..
surface grab samples do not mean much without understanding the depth of the asset.
Alright, I might not have stated it properly. that price per share is for the whole mine as is.
In other words that is the value of the entire mine asset in price per share after production costs are subtracted out with the current share structure.
Sorry for the confusion, I might work up a comparison with other mine assets to compare assays with share structures if this thing ever gets through the r/m process.
That should be the concern right now, before they can do any property development they need the asset in the new company name.
There is no value here until the merger is complete, so kicking it up will only bag-hold the innocent, too many unknowns right now.
It will continue to pull back here until the new company has been released by FINRA,then it will show how well new management is organized, that is the big unknown, You need a miner to build a mine, who are these new guys.
My big fear here, (and I have done this numerous times) is that there is an issue somewhere in the annals of the old company that needs clarification, these securities inspectors are brutal.
bin dere done dat
There will be a name and ticker change,,,
this is raw ground and any infrastructure mining plans and environmental permits are weeks to months away
This will take a while to get going, and those that do not understand the process may be the first to complain about it, so heads up going in here
1. r/m to be completed by end of month... well they usually get delayed but maybe this will go smooth, if FINRA has an issue no matter how quick the new company resolves it FINRA will still take the full 45 days to respond
2. there is a gap to fill, who knows the legitimacy of filling gaps, they do not always get filled
3. this is an explorer, if they get a good drill program together this summer by December we should have enough results to start putting an evaluation on the property.
4. to go from explorer to mine takes about four years, why I do not know that is just the process.
5. this is a mother-lode in the original California gold rush area, be aware of queasy environmentalists that are experts at mayhem and raising money for any cause that suits them (see NAK as an example)
6. that being said I have a GTC order in at what I think is fair value, it will come down.
7. now scratch your heads and good luck with your decision.
The company claimed that they could make money from this property with gold over $1000 per ounce, that is where the 1K came from...
If you don't like it don't buy it.
see post 2882 2881
I just gave you the formula for estimating the net worth of a discovery after production costs
That is the number you toss around to those that have the pockets to take this to production.... or as what usually happens explorers prove up a property then sell to a major (miner)
I suspect once the property is fully proven they would sell it to a major, but one thing is very clear
THIS IS GOING TO BE A MINE
D/D page one:
ALL RIGHT: Deep dive research into this one, I did not expect a r/m into a mining company but because they are my specialty I did a deep dive into it.
This is going to be a game changer..
YOUR ASSIGNMENT
Take to total number of estimated ounces of the deposit, multiply it by today's price of gold ($1727.43)subtract out $1,000 per ounce for production costs leaving your pure profit estimate.
next take the number of shares and divide that into your pure profit estimate, that gives you the total net worth of the deposit in price per share..
If the market cap is below this number the stock has room to move before becoming overvalued..
Now that your eyes just bugged out, lets keep this quiet until we get past the reverse merger AND it is qualified to trade again on the Vancouver exchange, that is where the big boys hang out and I am going to call some old friends when this gets ready to rumble, stay tuned.
There will be flip-turds come and go but long term it is best they do not put undue pressure on the price just yet.. stock acquisition time is here
More to come later.
even if the cost to mine is 50% of price of gold you still end up with a price per share of $165.54
If the market cap equaled the value of the reserves:
reserves in ounces 3,597,556
today's price of gold $1719.25
today's company value $6,185,098,153 (in-situ reserves)
today's market cap $1,849,451 06/08/2020
Shares Out 18,681,321
dividing the today's value into the shares out equals a lot more than the current price...do the math.
If you do not see the potential here, take up knitting.
NI 43-101 states
reserves in ounces 3,597,556
value at $1200 /oz $4,298,289,350
This is going to be a wild ride over the next few months...
hold em if you can!
Volume today 824,061
That's like a sleepy hollow coming out party, not a large spike in volume. With this float and any sniff of a real discovery and it's Katie Barr the door.
Lets not forget this little number
Market Cap 689,341 06/05/2020
And this is what we got
TREASURE CANYON 10 Current 2018 Active Apr 08, 2018 Claimant 20.66 Lode Claim Plumas, CA 2020 Small Miner Certification Filed 9/3/2019 $165.00 0
TREASURE CANYON NO.4 Current 2018 Active Apr 08, 2018 Claimant 20.66 Lode Claim Plumas, CA 2020 Small Miner Certification Filed 9/3/2019 $165.00 0 -
TREASURE CANYON NO.7 Current 2018 Active Apr 08, 2018 Claimant 20.66 Lode Claim Plumas, CA 2020 Small Miner Certification Filed 9/3/2019 $165.00 0 -
TREASURE CANYON NO.1 Current 2018 Active Apr 08, 2018 Claimant 20.66 Lode Claim Plumas, CA 2020 Small Miner Certification Filed 9/3/2019 $165.00 0 -
TREASURE CANYON NO.2 Current 2018 Active Apr 08, 2018 Claimant 20.66 Lode Claim Plumas, CA 2020 Small Miner Certification Filed 9/3/2019 $165.00 0 -
Mining Claims online
https://thediggings.com/owners/1172267
Actually for a mining company it is ideal, they can sell shares to move the property forward, without the added cushion then they do not have the cap size.
It now hinges on gold investors and their take on the property..
very strange that they would say something like that.
More and more penny players are harassing companies for information, and if they get hounded enough the dog's tail gets wagged.
that's great if you play the market all day, and playing penny stocks all day can be a drag... better to buy and hold r/m plays.(IMHO)
The stock has now opened itself up to a whole new mind-set of traders, those looking for the ground floor mineral plays.. it will take a few weeks to set in but once the full drill results are released you can put a value on the company holdings, and it is sure alot more than the current market cap
If they used a licensed geologist it would be. However I have not seen any core results nor have I had a chance to understand depth, grade, or secondary metals present....
Gold is on a tear this year and mining shares are behind bullion prices, that should continue so explorer/miners will show the greatest return..
And why would a mining company go public if it had a chithole of a property?? It wouldn't
Lets see the true scale of this project and where it is on the road to changing from explorer to miner.
I can wait, this was just the first day.
you guys have no idea how high this is going to go..
Market Cap 689,341 06/05/2020
Authorized Shares 500,000,000 06/04/2020
Outstanding Shares 18,681,321 06/04/2020
I am giving it an unofficial fair value of $3.50 based on my experience of 20 years following mining stocks.
The choice is yours.. but this is the year of the gold bug.
With plays like this I do not put a timeline on it, they either explode upwards or fall apart, there does not seem to be an in-between.
If someone in the new management has skin in the game and is working on a solution then I sit, if they give up then well, I've got new decor on the bathroom wall.
If your holding certs on these things then your hold period may be 6 months or 1 year if designated a shell...
This thing is thin thin thin, going to be a fun ride on this one.
Primed and ready.
BRNW
Outstanding Shares 1,106,432,897 05/04/2020
Restricted 479,523,150 05/04/2020
Unrestricted 626,909,747 05/04/2020
Held at DTC 605,617,614 05/04/2020
Float 441,819,747 07/29/2016
that would be safer, I did sell some of my .001's at .003 however the sells at 003 were all about $100 to $150 per trade... there are a lot of lunch bucket traders on this stock, once they get flushed we should see a gap up and a runaway breakout to the upside.
Everything hinges on the unknown. we need a 10-q an 8-k and a fluffy PR, until that happens it is all whimsical.
from an outdated filing there are 251 million outstanding however there are some series A shares out so you need to find the conversion rate.
I am not too worried about it, however I play these things for 12 months and sell every Sept, (I buy in October) I could care less what they do where they go or how they do it. It is a change of ownership play, let it play out.
No that's not true, some T/A's do not give out share counts as a matter of company policy. That being said, the unknowns are still out there that is why the stock is cheap. Give it 6 more months to get itself together then watch and see, you will either be standing in it or it will be hitting the fan over your head.
A "shell" is a public company that may or may not have a board of directors.
If it does not have an entity or company folded into it then it is a shell.. quite simple really
little shells with no investor noise.... man I love these jewels, it go pop and everyone scramble for a piece of the action..
This end of the market is a waiting game
Unrestricted 86,639,480 04/03/2020
So,this is still relevant then?
Business Combination Transaction
Is this offering being made in connection with a business combination transaction, such as a merger, acquisition or exchange offer?
X Yes No
Clarification of Response (if Necessary):
Our company is potentially going to sell or merge with another entity.
Emergent, LLC was founded in 2006. The Company offers information technology services including cyper security, availability & disaster recovery, open source system use, business intelligence, and enterprise collaboration.
SECTOR Technology
INDUSTRY Technology Services
SUB-INDUSTRY IT Services
FOUNDED
--
ADDRESS
8133 Leesburg Pike Suite 450 Vienna, VA 22182 United States
PHONE
1-703-288-4556
WEBSITE
www.emergent360.com
NO. OF EMPLOYEES
--
OH MY!!!, did no one tell you this is a r/m play, the Elvises left the building a long time ago, you need to go track them down, although I am guessing by your message list you are broke, sorry for your loss.
The nest egg may be gone but the bashing continues.
oh my, sorry for your losses, your reality of these companies does not coincide with federal regulators.
this conversation is over.
A Japanese flu drug has proven to be effective in treating the coronavirus in early trials, according to reports Wednesday.
Medical authorities in China said they tested the antiviral drug favipiravir on 340 patients and found it reduces recovery time and improves lung condition of patients, according to the Guardian.
Infected patients who were given the drug in Wuhan and Shenzhen tested negative for the virus after a median of four days, compared with a median of 11 days for those who were not treated with the drug, the outlet reported, citing public broadcaster NHK.
“It has a high degree of safety and is clearly effective in treatment,” Zhang Xinmin, an official at China’s Science and Technology Ministry, told reporters Tuesday.
-----------------
The shares of FUJIFILM Holdings Corporation (OTC: FUJIY) hit their daily permissible high limit on Wednesday's open in Tokyo.
What Happened
The massive jump in an otherwise bearish market came as China suggested that an influenza medicine developed by subsidiary FUJIFILM Toyama Chemical Co. Ltd. is also effective against the novel coronavirus (COVID-19).
"It has a high degree of safety and is clearly effective in treatment," the director of the Chinese science ministry's China National Center for Biotechnology Development, Zhang Xinmin said, according to the Nikkei Asian Review.
Japan has been administering the medicine to coronavirus patients since February, The Nikkei noted. Toyama Chemical developed the drug, sold under the brand name Avigan, in 2014 as a medicine to combat the flu.
--------------------
TOKYO/BEIJING (Reuters) - Shares in Japan's Fujifilm Holdings Corp surged 15% on Wednesday after a Chinese official said an active ingredient of the company's Avigan anti-flu drug appeared to help coronavirus patients recover.
Avigan, also known as Favipiravir, is manufactured by a subsidiary of Fujifilm, which has a healthcare arm although it is better known for its cameras. The drug was approved for use in Japan in 2014.
Favipiravir has been effective, with no obvious side-effects, in helping coronavirus patients recover, Zhang Xinmin, an official at China's Science and Technology Ministry, told reporters at a news conference on Tuesday.
TOKYO/BEIJING (Reuters) - Shares in Japan's Fujifilm Holdings Corp surged 15% on Wednesday after a Chinese official said an active ingredient of the company's Avigan anti-flu drug appeared to help coronavirus patients recover.
Avigan, also known as Favipiravir, is manufactured by a subsidiary of Fujifilm, which has a healthcare arm although it is better known for its cameras. The drug was approved for use in Japan in 2014.
Favipiravir has been effective, with no obvious side-effects, in helping coronavirus patients recover, Zhang Xinmin, an official at China's Science and Technology Ministry, told reporters at a news conference on Tuesday.
TOKYO/BEIJING (Reuters) - Shares in Japan's Fujifilm Holdings Corp surged 15% on Wednesday after a Chinese official said an active ingredient of the company's Avigan anti-flu drug appeared to help coronavirus patients recover.
Avigan, also known as Favipiravir, is manufactured by a subsidiary of Fujifilm, which has a healthcare arm although it is better known for its cameras. The drug was approved for use in Japan in 2014.
Favipiravir has been effective, with no obvious side-effects, in helping coronavirus patients recover, Zhang Xinmin, an official at China's Science and Technology Ministry, told reporters at a news conference on Tuesday.
TOKYO/BEIJING (Reuters) - Shares in Japan's Fujifilm Holdings Corp surged 15% on Wednesday after a Chinese official said an active ingredient of the company's Avigan anti-flu drug appeared to help coronavirus patients recover.
Avigan, also known as Favipiravir, is manufactured by a subsidiary of Fujifilm, which has a healthcare arm although it is better known for its cameras. The drug was approved for use in Japan in 2014.
Favipiravir has been effective, with no obvious side-effects, in helping coronavirus patients recover, Zhang Xinmin, an official at China's Science and Technology Ministry, told reporters at a news conference on Tuesday.
Sorry to burst your bubble but, for those of us that have played this market for a long time ( and survived to buy again) I have to take a different view of this one
Filings and Disclosure
Annual Report - December 31, 2019 03/09/2020
Annual Report - December 31, 2018 03/09/2020
Annual Report - December 31, 2017 03/09/2020
These were done for a reason, these are facts, not wishful thinking.
good find, with a market cap of $208,487, this is obviously destined for greatness someday.
It really does not matter, any increase would be 144 restricted shares and they have to be held and not sold for 12 months after a pink shell is reinstated, so they are of no concern for a while, the only volume will be stuck-holders looking for a gasp of fresh air, not a wise investment strategy.
We are golden with this changeover, just do not get impatient, it will happen and it should happen soon.