Replies to post #10847 on US Precious Metals (fka USPR)

[notaclueyet]

notaclue

[optionsexpert]

$50? Are we seriously having this discussion ?

[Jet Man]

No one can extrapolate numbers for the 37000 acres.We simply have no reliable information about 35,000 acres.We will have very good information on the recently scanned acreage(about 2200 acres} where samples were also taken.If the numbers are in the 20 billion range,a big if,the shares,in time,could be multiple dollars.
Assuming the initial data is encouraging,the rest of the property will be scanned and its potential evaluated.There are a lot of ifs here!!

[russo123]

Wait. $200 Billion??? $50 a share??? Currently, USPR has a market cap of $46 million and is trading at .30. $50 a share??????? LOLOLOLOL.

USPR has total assets, as per their last 10K, of a whopping $215k and current liabilities of $4.7 million.

Now we're talking about $50 a share???????????

I thought USPR was comical before but... Wow.