Friday, June 24, 2011 12:43:58 PM
If ST is valued at $5M - $10M market cap, that would be about .20 - .40 per share. Of course, any gold discoveries in exploration and that could go up dramatically.
The SRSR shares will still retain its majority value for the Nemegosenda project. Some here believe that Nio-Star may follow a similar ST-style spinoff. If 35:1 happens there as well, then yes my minimum target price once certain milestones are met is $30. May be $40 - $80 depending on how some variables shake out. And I think we could progress to that value in a relatively short time frame going forward, from the next several weeks to about a year from now. So yeah, I would say you are on the right track.
Got a piece of the donut?
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