Re: Why buyout is painless---minebeam
in response to
by
posted on
Aug 01, 2011 04:40PM
(Edit this Message from the "Fast Facts" Section)
Point well taken....
But remember the company buyback plan reducing the amount of stocks on the market.
Don't forget the 43 101 and the proven reserves coming from it which will give us a rough estimate of the value of SFMI.
What I have read in here, is a few mining stocks have shot up considerably in a short amount of time.
I pointed out last week that Scorpio Mining went from liberally pennies to $1.77 within a year and bigpic expanded on it.
It isn't far fetched to see SFMI shoot up over $1.00 pps in a short time especially when we see revenues.