Replies to post #12571 on Mensa Mining Corp (EQBM)

[Way Truth Life]

MSEED, I like your posts but do take excpetion to one valuation metric.

Price valuations are typically based off of Profits, and not so much on Revenues.

I think a valuation of $.10 to $.15 is much more justified if they get the Dalian deal done, and it is as profitable as what my estimations think it will be.

I think Dalian could become a Cash Cow for EQBM if Gold and SM's continue to go up in the future, and once they triple the lines of production in Dalian. One other thing to think about is the current projections of Annual Revenues might be based off of Gold around $500/oz to $550/oz. If Gold starts a trek up a lot higher in the future then those Revenue numbers could go up quite a bit.

I believe Dalian alone will be huge for EQBM shareholders when announced. Combine it with some of the other expected news and it only gets better.

My opinions. Do your own estimations and do your own DD.