This is not a scam. This is a Jr Mining company with out any mining operation....it has some leases and $1.4 mil cash...so what do you think it is worth today.
The MARKET is saying it is worth about $25 million...that seems very fair to high to me....
What do you think it will be worth when they are actually selling $1 mil in Li a month??? Maybe $30-$40 mil
Where are you guys expecting these valuations of over $100 mil when there are no operations and a few dollars in the bank....they will have to raise millions to start the mining operation....they have money to start drilling and nothing more..
Get realistic and try and figure out a valuation 3-6 months out....if all goes well here...what????
IMHO...definately NOT worth $50 mil today....and that is about $.80 a share.
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