Educated estimates are... the NSS position on KMAG is near 300M.
If the KMAG float is still only 515M, it's obvious that not even half the float is needed to hold tight, regardless of gains, in order for the NS's to be squeezed to ill-proportions.
The higher the % of the 515M float that holds tight, the higher the squeeze is pushed. It's a Time vs Availability of Float/Shares equation.
T x AF = S(queeze).
Do we see an initial NSS covering spike around a dollar? Followed by a fall back down to say .40-.50 c then a slow steady climb back up and past a dollar as new developments grow ?
Methinks MMs will create swings of ginormous proportions for what we've been used to, penny/dollar-wise. Master Manipulators (MM's) that they are however, will guarantee that few retail will really profit from it, since history shows that only those who simply hold thru the entire appreciation stages of this type run make the most money, even if they don't sell the top.
All others get shaken out .
The kinda run KMAG likely has coming is what I like to call: ginormous (a gorgeous enormous (run)).
Months-long.
Months.
The MMs will know this also, the moment people place 1M buys at .02. And especially, they (MMs) will know they're being ginormously squeezed when they only see small blocks available.
The likely NSS potential position here is just sooooo attracting, given the debt-free compounding revenue story and all, only those who pee their pants will sell quick and/or early.
If Reid is a CEO with a vengeance, his timing of good/great PRs could squeeze Shorts well above $3.00. Maybe even $4, $5, or $6, depending on how good the story sounds/is, and how many Longs hold tight?