Good Morning Troops!
What a fantastic day, I am out the door to work but wanted to say hello! Hopefully they get some more work done at OPP, maybe get the forms down so they can pour concrete by the end of this week or early next?
Lets say Perihelion has 10 million in tangible assets. I know that the mine is valued at more but what was it purchased for, 2 million?
Anyways, 10,000,000 / 325,000,000 = .0307 per share.
Obviously, we think it is worth more but there is no revenue so the MMs drive the price down to a value they feel is "fair". It is what they get paid to do.
When things become more tangible we will see our share price move up nicely. We just have to be patient.
And I am a patient fellow.
Respectfully,
Uncle Meatball
Use your energies doing what you do best, helping others to make money ethically.
I miss you CEK.