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Re: value1008 post# 1686

Thursday, 09/08/2011 9:53:54 AM

Thursday, September 08, 2011 9:53:54 AM

Post# of 4675
$8 billion possible NPV?

You all have seen me push Tim from time to time to be more skeptical/realistic in his assumptions and projections. (We both lived through CCME, as have many of the other members of this board)

But in this case, what he just wrote is spot on:
1) We have only looked at 20% of the property
2) My NPV numbers are conservative
3) Future EMM prices have a better chance of rising than falling

Do I think this stock will go to $32? Not really. But north of $20 is a not unrealistic possibility.

I must admit, the new resource report was better than I was led to think by Larrys words on that interview that kerno posted last night.

Good luck to us all
-Dan