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winifred62

03/30/07 9:47 AM

#14172 RE: sortagreen #14171

You can go back many years and find start up stocks that at one time were worth only pennies that hit the jackpot.IBM,PRD,XRX are a few stocks that come to mind.I am looking at future earnings and the people that are willing to finance this and other stocks that may or may not make it.
I am thinking of another venue,the people that invest in broadwy plays and make a fortune or make nothing.Do you recall a play by the name of "FANTANSTICKS" .Some people invested as little as $1000.00 and made small fortunes.A lot of luck is needed in these ventures.I wish all the people who got in this stock will reap the rewards from taking a chance.
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imanjen13

03/30/07 12:16 PM

#14178 RE: sortagreen #14171

A .50 price and market cap of 1.1 billion is not as ridiculous as it may sound at first blush. The company is trying to raise 1.3 billion to support its various ambitious projects. If that is the projected investment, the market cap doesn't look that out of whack. I personally think that the company should have not released the number since it appears to be an unattainable amount of money to raise given the pink sheet status.That being said, if some major investors get involved, we may be on the verge of a significant increase in pps. No one can realistically project what the fair value is at this time but at a present low cap, as pointed out by NYBOB($$$$$) it seems that the old highs are attainable in the near future. The petty interview should provide some insight. I also hope that they will reveal the funds raised in Switzerland which will probaly be immediately used to constuct the tailings plants. Also like to hear the final numbers on the zinc contract.