Ed, that's not a price per share (PPS) prediction!! For one thing, we currently have f.d. sharecount of about 141M, likely to go to around 200M, maybe a little less (180M?), maybe a lot more (250M?), depending on financing routes realized.
(On the other hand, the indicated category resource size has actually slightly more than doubled from 6.7B lbs Mn to over 13.8B lbs, but what you quoted from RI.com includes inferred category, too, and much of that was simply "proven" and shifted over to the indicated category in the 2011 drilling program.)
Second, the RI.com site doesn't factor in all the deductions that will bring that "$255 PPS" down to earth.... There are yearly production costs, tax and overhead costs, likelihood of a percentage (20-30%??) of gross profits allotted to a JV partner, etc.
Hey, i'll take Dan's $20/share in, say, 3 years, on 50/50 production of EMM and EMD/LMD (at an ore-processing rate of 3,500 tpd) as a VERY SPECTACULAR and very satisfying gain. I think any of us would be very happy with a $10 pps in 3 years given our avg buy price (40-50 cents). That would be about a 20-25 bagger for most of us here with the patience to hang in there and not give our shares away too cheaply.
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