hi jim6 , good sorting because we would like opinions, scenario on target. is this a conservative view jim?
as a whole scenario estimate given was worth at least $0.05 to $0.10 for Niobium project.
maybe broker idea was better. but then if proven to be accurate or better then the buying of this property would have cost more than price mentioned in pr [buying the Niobium property].
re:
Sterling, again you are incorrect in assuming that we have earnings and that we can then take a figure (12) as a multiplier P/E ratio to obtain a a share price. Since we don't have earnings, there will be no P/E ratio and no multiplier applied. You are mixing apples and oranges. Please refer back to my Nova Gold example as they are in the same boat as us - only with a heck of a bigger market cap.
My hope is for this board to be presenting an accurate and honest appraisal of what is going on here. We have no NI 43-101 reserves, but we do have a strong indication of a world class niobium deposit that could be valued at $5 billion big ones - maybe more - maybe less. Based upon what other junior explorers (Nova Gold) in our exploration category are selling for in the market, our stock at 1.1 cents is really underevalued. Based upon taking 3% (Nova Gold is valued at 2.7% of total reserves) of SRSR's $4.7 billion niobium deposit and a fully diluted stock count of 725,000,000 shares, the stock would be trading at 15.4 cents. Hope this clears things up a bit....GLTA ....Jim
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