Replies to post #46 on Sharpe Resource Corp. (SHGP)

[eatlikeahippie]

While we are here, I will mention a few interesting things about SHGPF and RYSMF.
RYSMF is the investor in Sharpe and both have the same CEO.

On the news releases all the links to Royal Standard are wrong. No idea why this is but the

http://www.royalstandardminerals.com/

seems to get updated late.

Also the PR man, Rich Kaiser, is super optomistic.
He says RYSMF is gettting 75 ounces a day at a cost of around $200 per ounce.
That implies a $2 or $3 stock at a low multiple.

75 x $700 = $52,000/day x 300 days = $15,600,000 per year.
times multiple of 30 for average p/e is about $450 million market cap.
Divided by 90 milliom shares that implies a $5/ share price.
Some of this is over optimistic, but what and by how much?
Phone: [phone] and the secratary is always there.
Sometimes the CEO, Roland Larson will talk for a bit but he is generally pissed about one thing and another.
The secretary and the barmaid at the local Bar says everybody is driving a brand new pickup and the crew is 25 guys.
They are all happy and fat and the checks don't bounce.
So something is going on here.
The first gold melt should be soon (was promised long ago), but why no news is the big question.
Everyone says permits are a big problem with delays, but they come in time and ....