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Sunday, April 09, 2017 4:18:18 PM
Now, the report showing 500 million in land assets--specifically targeted for gold leases--may be overvalued.
But, it is land. What if, hypothetically speaking, they don't lease a single gold mine. Well...lucky for $EFLN, there is this resource called TIMBER that is still VALUED.
Personally, I am valuing each acre at around $15,000 per acre, which gives a acreage valuation at around $43,500,000, or, if one is conservative, divide by 2 and you still have $21,750,000--still a mighty slice of collateral if management decides to finance their hotel project. Thus, the co. can grow without the need for dilution.
This is a speculative stock--no doubt about it--but still extremely undervalued.
I will not sell a single share until .03 pps.
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