Replies to post #73475 on Santo Mining Corp (SANP)

[SteveWin]

I totally agree, mining equipment can "compound" itself very quickly. Starting with one S9, using all proceeds to buy more equipment, on roughly two months intervals the number of machines one can own is about: 1..2..4..8..16..32..64. In the second year, it can continue as 128..256..512..1024..2048..4096..

But.. since I am trying to estimate present value based on announcements about FUTURE mining rig deployments, there is considerable risk... so many things (including exponential growth of competitors orders for mining rigs), rising prices for rigs, production delays, shipping delays, installation delays, electricity supply issues, Bitcoin price fluctuations.. can all impact a company's ability to actually deploy a specified number of machines on a planned date. So, I offset those risks by trying to estimate conservatively.

Also, my goal here is to try to estimate the value that is inherent to the companies. Another theory of value is based on "what people are willing to pay" - and that's where "crypto fever" lives. The risk there is in getting caught up in it, in placing a higher emotional value on a company which leads to buying it at a price it can never repay. BTSC is an example - you'd have to buy 1/5 of its 150 million shares, at $0.32(or more) each, to "own" 1/5 of its 5 (equivalent) Antminer S9 mining capacity. 10 million dollars is too much to pay for the capacity of a $5,000 mining rig.

Still, one can say that $0.32/sh is "fair" for BTSC as long as buyers volunteer to pay that price when you want to sell. I'm only saying that the BTSC price is ALL "crypto fever", zero company substance. Which eventually leaves a bunch of investors holding expensive shares of nothingness.

I feel that by highlighting the inherent company value, from credible earning capacity, we have a better chance of raising awareness (and prices) so the "fever" bonus can start to work as "insurance" for us.

Bottom line, I am SO CONFIDENT that SANP is the safest play here, because it has the most headroom of any crypto company I've seen.