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georgeiporgi

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georgeiporgi

Re: Pan4Au post# 1794

Tuesday, 03/06/2018 3:08:25 PM

Tuesday, March 06, 2018 3:08:25 PM

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Panipoo, look at comparables. Alderon Iron Ore co. has 1,274 million tons of iron ore reserves at 30% Fe. Their Market cap is $36 million

ecpn has maybe 50 million tons at 30% Fe. ecpn market cap is around $16 million. If you adjust ecpn market cap to reflect the reserves then ecpn market cap should be less than $2 million or less than $0.005/share. subpennys are coming
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