Re: Editorial: The Cliffs Notes on the Ring of Fire
posted on
Nov 28, 2013 10:43PM
When noront ran to $7.42 we had over 100 million shares out. Market cap was over $1 billion for a time. I do however agree with you that we likely won't see those numbers again for quite some time, but 2-3$ a share certainly isn't out of the question.
Dilution is a term thrown around here, often without much thought. Right now were 231 million shares "diluted" for a project that is basically being valued at nothing more than the hope of getting at our $2 billion dollar deposit. If we "diluted" ourselves two or even three times as much but were in, or close to production we would see far more of that $2 billion in share value than we are today. Our market cap right now is basically non reflective of anything. Pretty much at the point of speculation again. It won't stay here forever. The more bridges that are crossed, even a "dilutive" financing bridge, the more the gap will close on the actual gross value of eagles nest and our market cap. Let alone the rest. And let alone all the un-touched, un-explored land we have. Not a dreamer here, but lets not sell ourselves short either. Take care all.