correction: NG's project does not have wretched grades, but they need 5 billion dollars, and it is a gold project WHICH WON'T HAPPEN AT CURRENT PRICES, or for many years. So that one is a little different from those held by the others. But they still advertise the heck out of it on their website, their monster project that ain't happening.
FSM a mexican silver miner recently bought a good gold project in south america, where effectively they will have to assemble most of a labor force, from scratch.
They paid 156 million, to own a gold deposit worth owning, that has a project NPV of 200 million. Now, I ask anybody, nobody puts up 156 to build a ten or twelve year mine, and only receive that sort of value in return. The first important point here being that the metrics of the conventional formulas are wrong. They are wrong in the real world. I can discuss the factors but again, the proof is in the pudding from this real world example. The execs running FSM are very conservative. They know what they are doing and they are builders and operators, not just people who drill and have a website, etc...They made this decision with their hard earned cash to buy it..
Moving to the concept of relative value between companies:
And FSM's market cap effectively doubled,and their total reserves were more than doubled by this purchase. So you see how much more valuable and massive our stuff is, plus consider this: FSM has a market cap around 200 million dollars smaller than ours.
If the metrics of FSM's purchase are applied to ours, which they should be and eventually will be as the market sorts all of this out, our market cap should be 25X as large as theirs, actually far far more. ........
they have contained metals of at most two billion dollars. OURS ARE CURRENTLY 200 BILLION, AND GROWING.....
