Welcome To The Spider Resources HUB On AGORACOM

First Explorer at the "Ring of Fire" and presently drilling on the "BIG DADDY" Chromite/Pge's jv'd property...yet we were robbed

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Message: Re: Why this NO Crusade - BullyBoy
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pej
Jun 06, 2008 11:15AM

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Jun 06, 2008 12:59PM
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pej
Jun 06, 2008 03:40PM

I think you are missing the point BB. It doesn't matter a bit what the SP is when you look at the following:



Company Shares Cap (million)

WSR 111 million $74.5

PRB 30 million $19.06

FNC 27 million $41.5

BMK 140 million $29.6

MTX 93 million $38

NOT 129 million $470

FWR 178 million $71

Spider? 300 million $18 ($30 two weeks ago)

For the last time:

It is the value of what the market sees in the ground that will set the market cap. If the market believes we are sitting on a $300 million share in a jv (considering the properties, this is more than feasible), then our stock will hit $1.00. No consideration will be given to the number of shares at that point.

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