tony...."WHEN we prove all the minerals in the ground, then if we actually are the SECOND largest niobium deposit in the world then who is the first and what share price are they trading at, that can give us an idea what the future holds for us"
The company in Brazil that is the world's leading Niobium producer is Companhia Brasileira de Metalurgia e Mineracao (CBMM). They are a producer and have enough of a supply to keep the world in Niobium for 500 years. They got around 25 Billion lbs. We, at #2, would come in a distant second with, at best, 2 billion pounds - still a staggering figure.
Since they are a producer and we aren't even close to production, comparing the two would be an apples and oranges comparison at best. Once we are actually mining and are showing a profit, we should be trading at a comparable P/E ratio and then a meaningful comparison could be made.
I believe too many of you are too tuned into the share price. I am getting more to the belief that the company will do the right thing and the share price will ultimately reflect the performance and results. If you want to day trade this stock and scalp 20-30% here and there, great, follow your little hourly charts and scalp away. I am personally preparing for the company to be trading at a market cap of between $1 billion and $2 billion. This goal won't happen over night, but will certainly be fun to watch. What will the share price be when the company commands a market cap of that proportion? Don't know now - will depend upon the amount of stock outstanding. Let's get the first hurdle out of the way first and that is a solid NI43-101 that gives us a hefty "indicated" resource figure....All the best...Jim
