What is fair value for MHREF NOW!!
First we must take into account that for the foreseeable future that actual worth can only be tabulated on a straight-out accounting. Meaning that the worth of a pinksheet company is based on actual near term that involves revenue, without the computation of advanced accounting like EPS or the most talked about which is PE. These two measure doesn't exist on measuring the pinksheet company.
So what are we left with, with respect to MHREF?
Notice currently, we have a MC of just around $5m based on 137m S/O at current price of Can.04.
This is based on a number of factors, of which one is the current situation with First Nation. The latter will not move this until we get confirmation that First Nation is onboard. Then things will drastically improve.
So the first step you can look at that will fall in place is a MC of 10$ million. This figure has generally been a round worth given many or most pennystocks in my trading years. Many pennystocks without a business model to speak of, but the volume dictates this and one area where we fall short, but understandable due to the lack of volume and thus interest.
This is where .10 per share is a very reasonable target on the first pressure when the News comes out that First Nation is onboard.
Once we actually move into operational stage and importantly the financial package that follows, will dictate the price, but it must come on the heels of volume verses pressure enhance share price appreciation.
So for now, I believe the fair value of all that involves, claims, Kipawa project and partners like Toyota and the Quebec Resources should allow a share price of .10-.13 = $13,500,000 MC based on 137m S/O.
This is the starting point.
Have a good day
varok
