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Re: FREWIL1 post# 11235

Saturday, 10/11/2014 7:52:45 AM

Saturday, October 11, 2014 7:52:45 AM

Post# of 14019
FREWIL, We can all throw around numbers that mean absolutely nothing at this point (but might make us feel good).

Realistically I think you have to look at current market cap compared to NPV of the MEASURED resource, as I have posted here before.

For other comparable junior explorers I have seen takeover offers ranging from 150 to 200 million for projects at this stage.

If and when ENZR becomes an operating mine with actual cash flow, we now value based on that cash flow per share which could be substantially higher at full production.

That may take up to 5 years to achieve.

We all know the true value here.

Just have to be patient.

JMHO
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