Replies to post #6319 on Mensa Mining Corp (EQBM)

[righty]

19 million per year at $630/ounce is roughly 30,000 oz gold/year? hmmm

larry says tailings project cannot operate during winter,
are we to assume that this 19 million/year accounts for inactive periods?

additionally does anyone have the processing figures per line?

how much of the 5.2 million tons of mine tailings can these production lines process per day or year each?

what are the plans for the mine?

what part of 20 days late on red lake report fits with eqbm press release regarding taking steps to keep shareholders better informed?

actually were not being kept very well informed at all, like whats going on in australia, ecuador, canada, china, everywhere to be precise, and what the heck is going on with certification of our stock????

Somebody better start talkin, real fast

[LCLiving]

I believe your post is incorrect in as much as I never posted any of that. You are trying to correct the wrong guy, WTL had posted that info.

[Way Truth Life]

MSEED, it was me. lol.

Don't go after jrdig for posting the 35% of $19.2M analysis. I think you already disagreed with my analysis which is cool.

I still do not believe we know for sure whether we get 35% of the $19.2M, or that the $19.2M number is our take of an even greater total number which is how you read it. I took the conservative option of the two just to show the share price potential even at the lower of the two possibilities.

Either way I see it as great news for EQBM. Even at 35% of $19.2M I am hoping the profits will be close to $4.5M after expenses are taken away as explained previously. If Larry does pull away the other 100 Million shares and the total reverts backs to the 300 million share total then we are looking at $.015 in Earnings Per Share (EPS), or a penny and a half in Earnings for every share outstanding.

Red Lake would also have to be factored in there as some bump on the price. The one thing that you are not emphasizing enough in your own valuation considerations is the PE Ratio factoring. I could see EQBM getting a PE ratio of 10 if they are producing Revenues and Profits and showing the ability to grow with other projects such as Ecuador and Red Lake. A PE Ratio of 10 would take an EPS of a penny and a half and equate to a shre price of $.15. The formula for Price Per share is (EPS X PE Ratio). If you are correct about EQBM getting the whole $19.2M then their profits should be much higher than the $4.5M figure I used and the EPS also might be 3 to 4 times higher. Instead of $.15 we might be talking $.50 or $.60 if the company is that profitable and is valuated with a PE Ratio of 10. Some companies get lot higher PE Ratios when shown to be a high growth company. MSEED, you seem to not be emphasizing the PE Ratio portion of price evaluation which is critical to do if a company is profitable. A PE Ratio of 5 to 10 changes the price quite a bit.

It is important for Longs to understand valuation metrics for investment purposes, and also be able to explain to others who might look to invest here why they see further price potential. The formulas if a company is profitable are:

Share Price = PE Ratio X EPS
PE Ratio = Share Price / EPS
EPS = Share Price / PE Ratio

All of this is a moot point unless Larry finalizes this China deal in near future, and then EQBM gets their portion of the $19.2M like we have been discussing. It will also be important for Larry and Jim Adams to PR the daylights out of this project and its projected Revenue and Profit numbers. It would also be very nice for them to PR Red Lake and Ecuador with more solid info around each. Larry still also has clean up work regarding the website news links which is still not fixed, and also updating the Red Lake progress Report which he is tardy on. I encourage other investors to hit Larry up to get the website fixed completely, and also to give an update on the Red Lake Project like promised. I realize Larry might be focusing on this China Project but no way does that excuse not fixing the minor issues that are also irritants to current and possibly future investors.

These numbers above are my own projections off of what I have read and heard and are clearly subject to change if EQBM's words do not meet up with reality. Larry holds the keys to execution. I await for him to turn the ignition on and get this company and stock climbing up the hill. My opinions. Feel free to agree or disagree.