Sunday, October 19, 2014 10:10:13 PM
ENOUGH SAID -- I stopped reading after that! I could suggest 3 or 4 other methods, but they are all merely for the purpose of comparison to MARKET CAP to determine relative price stability (risk).
If you could BUY NBRI's assets today for $265,000 +/- then you could readily liquidate them for 2 to 3 times that amount. One property alone recently sold for much more than the current market cap.
The point here is you have to realize the market has already factored into the pricing of NBRI shares all of the future dilution, in fact about 5 BILLION shares.
Do the math. Compare it to other junior miners and to the history of NBRI. This stock is so grossly oversold right now that a correction could be massive.
“Quoting an old proverb: 'An empty cart rattles loudly.' she said. meaning, One who lacks substance boasts loudest.”
... Alan Brennert, Honolulu
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