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Re: mulder35 post# 5233

Tuesday, 05/10/2011 3:22:59 PM

Tuesday, May 10, 2011 3:22:59 PM

Post# of 7598
This is not a scam. This is a Jr Mining company with out any mining operation....it has some leases and $1.4 mil cash...so what do you think it is worth today.

The MARKET is saying it is worth about $25 million...that seems very fair to high to me....

What do you think it will be worth when they are actually selling $1 mil in Li a month??? Maybe $30-$40 mil

Where are you guys expecting these valuations of over $100 mil when there are no operations and a few dollars in the bank....they will have to raise millions to start the mining operation....they have money to start drilling and nothing more..

Get realistic and try and figure out a valuation 3-6 months out....if all goes well here...what????

IMHO...definately NOT worth $50 mil today....and that is about $.80 a share.

GLTA....and I can not short a stock under $2.....
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