Hey, 12thman!
Just to confirm some of your numbers, I seem to remember the mill alone has an estimated value of $11,000,000. If the O/S is 22 billion, that gives you an asset value on equipment alone of .0005. The custom milling contracts add at least another .0005 to that, so the .001 number is a very safe figure. And I concur that the next quarterly report (probably 2 quarters of production just to settle things out ) will take this stock into the pennies. The real value will come in to play (as 567 has contended for so long) with the assay results and the actual mining start in CGFI's leases. Where will we be at by then?
Silver wing Mine is historically at $300 million in silver. (probably more) That's another .01 to .02 per share outstanding, (that totals at .03 per share, and with a multiple of 10, the share price is easily over .25 to .30 range. Add in the other mines, such as Brooklyn, (1.3 oz/ton of ore in gold, .6 in silver) and this stock will easily be over the .60 to .80 range.
All these are conservative estimates. The real total will depend, as speculated, on the assay results.
With the MLRB hearing in the next few weeks, the MM's would be fools to keep this from rising on the upcoming speculation. No matter what the results of the hearing, it is an opportunity for them to make money.
What is the old saying in trading, "buy on rumor, sell on news". The way to guarantee a profit for them is to let the price run, sell as the price rises. If the mill is approved, the % skyrockets! Even more opportunity to make a larger profit.
All JMHO, but I believe we are looking at the same numbers and seeing the same future.
Don't take my word for it, Do your own research! Then you will know it's true!
