Re: Bought SFMI-Q on GHDC vs SFMI...BigGamble
posted on
Feb 25, 2014 09:42AM
(Edit this Message from the "Fast Facts" Section)
You're right pic, no sense in anyone becoming too excited about this thing going to "dollars". When it went to .40, there were only maybe 50M shares out IIRC, so the whole company was valued at around $25M. To get that value now with probably at least 2B shares out means a share price of just a bit more than a penny. To get to a dollar, the company would be valued at $2B. That won't happen anytime soon, if ever. Even if there are 10M oz of gold in the ground, that's only 10-15B, and the company would only be valued at a fraction of that. More reasonable would be a value of $200M and a share price of .10 if drill results come out as expected and the company looks to be getting its act together, but even that may be a while.