Replies to post #57406 on CMKM Diamonds Inc (fka CMKX)

[I Eat Glue]

JALEX - once again, great post.

[TSXminer]

Well considering they have nothing even approaching economic value yet, even a market cap of 1 million is over-valued. Take a look at mining companies with actual reserves and tell me if you think CMKX is fairly valued. Just down the road from CMKX, Shore has the biggest kimberlite and one of the largest reserves of diamonds on the planet. They have spent 10 million on exploration and underground workings. Their market cap is around 50 million, as is Kensington's, who have the largest diamondiferous kimberlite field in the world.

[gump90]

That was a sale from the left hand to the right hand.
You cannot evaluate anything that way. My evaluation is based on valuing things that are in the same business .. the F A L C. The leader here is currently Shore. Its market cap is roughly $72,000,000. CMKX is nowhere near as developed and I have always said it should be valued at no more than $25,000,000 at this point. If the O/S is the max of 500 billion shares .. a realistic share price right now should be quadruple 0 5. So it's currently overpriced by a factor of 10 .. Exxxxxxxx Cepttttttt for the short squeeze bonus which is maybe factored in here. So we really do not know. The O/S is sooooooo important and they are witholding this from us.