At 10 bucks the market cap may be say $150 million allowing for an increase in shares...............since they have to raise $10 mill to do the resource analysis. I am guessing they may end up with 150 million sharers issued at some point for expenses over the next two years lets say. The exact amount we don't know............I don't really think they will need that much dilution to prove it up.
So $10 buckaroos times 150 million shares gives a market cap of around 150 million dollars. How much is the resource worth??
The article just posted say at least 11 Billion.............By the time all the research is done it may be much higher.
So how is 10 bucks a problem?????? Looks like a pretty good risk reward ration to me...............IMO
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