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02/03/15 11:20 AM

#145922 RE: Tar sands #145920

Ideally this would be a STOCK that is trading at or near the $3 level, on a senior Exchange ( with all the Reporting requirements ) with no more than 50 M shares outstanding - fully diluted after an initial Financing.



I tend to agree with this but do you really think this is possible at this stage?
$150M market cap from a $15M mkt cap?

Consider that the "fully diluted after an initial Financing" would require $2-5M to really be serious. The dilution would need to be around 1M shares after the split.

The PPS would need to be around .15-.18 to be able to do the spinout and have the structure.

Do you see SRSR having a STABLE PPS (not a peak)of .15 from the resource estimate alone?

What sort of dollar value would it require from the resource to justify a .15 PPS with our current share structure?