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crazybadger

07/15/11 12:36 PM

#66312 RE: amigo777 #66309

When valuation come out this bad boy is going to fly! Those that have sold are going to say F@#!. The rest odf us will be celebrating with Dom!
I am thinking this is all going to start sooner than later,

All im my own opinion and the DD.
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Milo2

07/16/11 1:41 PM

#66390 RE: amigo777 #66309

Some months ago, someone posted an excellent article on how to value mining companies...one statistic that sticks in my mind is the 3% rule (of resources in the ground) for estimated value of the company:

http://www.gold-eagle.com/editorials_05/schwensen022306.html

So,

3% OF $1B is $30M, which is about our current market cap.

But of course, this is only ONE of our five properties...


GO LBSR!!