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Re: konastitch post# 58377

Sunday, 07/19/2009 10:09:52 AM

Sunday, July 19, 2009 10:09:52 AM

Post# of 165854
I have received several requests so I have updated the chart. I have added two new columns 7.5% and 12.5% which may be more relevant now that we are getting some recognition. The first two boxes now go an extra column over. I have also changed the shares to 750M, and tweaked the info below the chart. If you want to include the 10% column in YOUR green box, no one is stopping you! I just thought it prudent to take a step at a time.

Thus, the near term target may be at least .30, which seems reasonable. The other thing is, with the last PR announcing Phase 2 drilling, we are perhaps only weeks away from moving in some manner from the green target box to the brown one.

With a play like Nemegosenda, it is hard to know what the market is putting a value on. For example, maybe the approximately $3B in Zone D gets a 5% valuation, maybe another $3B in Zone D half of that, and then some small fraction for the SE zone at this stage. Another way of looking at the chart, maybe you just take 1% of the entire $30B and you get .40! (2%, 80 cents!)

Anyway you look at this we are grossly undervalued at the moment. I have re-invigorated myself! Yesterday was a cautious day, today a lot more euphoria is settling in!




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