Saturday, January 07, 2012 9:47:22 AM
> If a person were to BUY 10M shares at 0.0005c,
their Cost would be $5,000
When SUGO's PPS goes to 0.01c, those 10M shares would be worth
$100,000
This is the whole reason we're seeing so much volume in the stock.
$5,000 is a small investment, given the potential return
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Investors know full well, that the price of Gold has bottomed here, and is headed higher this year.
Gold stocks are Seasonal, and they typically do best, in the first QTR of the year.
Gold stocks can trade at as much as "10 times their Book Value".
If we assume SUGO's BV is 0.008c, this means the stock can go to as high as 0.08c
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The companys PPS Value is 0.008c
> $2,849,957 worth of mineral rights on the books
+ Assets: $2,849,957
- Liabilities: $1,173,347
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= Stockholder Equity: $1,676,610
209,502,219 shares/$1,676,610 equity = 0.008 pps <<<<<<<
Shares Outstanding _209,502,219 a/o Dec 13, 2011
Based on this past weeks volume of 57M shares traded,
by my calculations,
SUGO's trades this past "week", amounted to roughly:
Weeks High ( 0.0008c X 57M )= $45,000
Weeks Low ( 0.0003c X 57M )= $17,000
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