This analysis assumes that the Mill become operational within a reasonable time frame among other assumptions stated. Your critical analysis of the assumptions and conclusions will be appreciated.
According to Form 10-K for the fiscal year ended August 31, 2010 shares outstanding at November 17, 2010 were: Class A common stock 2,464,163,308 Class B common stock 490,.367,597 For a total of 2,954,530,905 shares that would participate in the profit of the company. Excluding consideration of the additional number of shares issued since 11/17/10. http://www.sec.gov/Archives/edgar/data/1344394/000095012310107458/c08801e10vk.htm
Each share of profits based on above: $4,800,000/2,954,530,905=$0.001625 per share.
Since CGFIA is a Junior mining company with no track record, for the purpose of this analysis it is assumed that the Price to Earning Ratio would range from 3 to 5. Therefore the stock price after the first year of operation that might be expected would range as follows:
At P/E of 3 $0.001625X3=$0.004875 price per share At P/E of 5 $0.001625X5=$0.008125 price per share
If there was a PR right after the Permit Denial Guyer would have heard 7000 angry investors Booooooo In the back ground. It Has been only 18 calender days since the decision.that includes 3 weekends 2 holidays 1 a day for family gatherings and the other 1 a national all night party welcoming a New Year and because of the holidays and unresolved issues he may not be ready for a January Meeting.It Makes no sense to fumble twice and lose the game when you only have a 13 point lead. Lets give Guyer the benefit of the doubt as nobody wants a PR with some kind of resolution in it more than then he does.IMHO
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