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BulldogPatriot

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BulldogPatriot

Re: None

Tuesday, 03/06/2012 11:20:20 AM

Tuesday, March 06, 2012 11:20:20 AM

Post# of 1381
Not so scientific analysis...what do you guys think of this? Just comparing ADNT to SURE gives more support to ADNT being undervalued.

SURE: http://finance.yahoo.com/q/ks?s=SURE.OB+Key+Statistics

SURE has three projects currently in exploration. They have 96.70M shares outstanding with a market cap of $25.62M. SURE is currently trading at around $.27 (as I write this).

Our ADNT has two projects in exploration and ONLY 16.62 M shares outstanding with a market cap of only $3.66M??? No way Jose!

If ADNT was valued at only half (which is too low IMO) of what SURE is it would place them with a market cap of $12.81M which would make the share price of ADNT approx. $.78 right now. I think this valuation of ADNT is too conservative but it shows how undervalued our mine is.
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