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. _________________________________________________________________
wizeguy1905 22 Dec 2004, 10:42 AM EST Msg. 12599 of 12605 Jump to msg. # 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!
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