One Step Ahead

[Bo14172]

NMCX: from another board:

Of note is his comment that the O/S is only 550 million. The rest echos the pr and some things we have all brought up.
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wizeguy1905
22 Dec 2004, 10:42 AM EST
Msg. 12599 of 12605
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VALUATION- READ THIS PEOPLE!

So we have a company that will now make 5.5 million a year over the next 2 years. After that NMCX will gross 61 million a year for the next 8 years. Using gross profits of 5 million.
There are 550 million shares out standing.
A standard valuation of a mining company is about 28 time earnings. That's not low or high.

Do your own math, but I got about 1.50/ share.

After that NMCX will gross 61 million a year for 8 years.
Remember this is also only 26% of this tonnage at Skull Valley. They still have the remainder tonnage as well. We are talking 550 million value on 1/4 of the mine! Wake up people! What are the other 2 mines worth and how will that add to the value of this company. New investors and old HOLD YOUR POSITION!