Actually when I scan through the flow of CHM's history in my last post, if there is one thing to take away, it's that Larsen's team knows how to build momentum to a x10 multiple. And now they will be building again with assay news releases until the NPV, where they'll hit new highs. When they hit highs, so will we -at 24.8% of them.
.78/3.14=.248
CHM recent high
| 02/07/2011 |
3.140 |
3.140 |
3.060 |
3.070 |
251,122 |
-0.070 |
-2.23%
|
FNC recent high
| 02/08/2011 |
0.780 |
0.780 |
0.700 |
0.730 |
230,800 |
-0.020 |
-2.67% |
By the way that puts today's FNC SP at .322c of CHM current pathetically undervalued price of 1.30 which is rapidly rising.
But add on top of CHM's highs will be an increased NPV then account for decreased iron ore market. Then add on top Magpie NPV, metallurgical results, and IPO, and Lac Lamalee assays, and I think FNC calculates to a SP multiple winner.
But we must be vigilent for Smith NR's without juicy tantilizing tidbits of predicitons and Shareholder's direct ownership.
-SG
