Replies to post #55971 on Liberty Star Uranium and Metals Corp (LBSR)

[LBSR TO DA MOON]

It would only be $70.00 if there was no increase in outstanding shares after the R/S.

For example, let's assume (for the sake of conversation and easier math) there was 70M shares outstanding at the time of the $7.00 projection and R/S. That would equate to a projected market cap of $490M. The 1 for 10 R/S occurs and you now have 7M shares outstanding. In order to reach the projection, you would need a $70 share price.

However...today we sit with 700M shares outstanding. Therefore, to reach that projected market cap of $490M, we need a $0.70 cent share price.

No fuzzy math here IMO

[LBSR TO DA MOON]

Floydborga - The following was my original response to your post:

It would only be $70.00 if there was no increase in outstanding shares after the R/S.

For example, let's assume (for the sake of conversation and easier math) there was 70M shares outstanding at the time of the $7.00 projection and R/S. That would equate to a projected market cap of $490M. The 1 for 10 R/S occurs and you now have 7M shares outstanding. In order to reach the projection, you would need a $70 share price.

However...today we sit with 700M shares outstanding. Therefore, to reach that projected market cap of $490M, we need a $0.70 cent share price.

No fuzzy math here IMO

It turns out LBSR only had about 40M outstanding shares in 2004. Therefore, the projected market cap was $280M. That would mean a current share price of around $0.40. If you want to triple this figure to account for a triple in the price of gold since 2004, then we are looking at $1.20.

I am obviously betting on these types of prices...only time will tell!