Re: $1,000,000 Non Flow-Through Financing Closed
in response to
by
posted on
Nov 13, 2009 05:24PM
The company is now known as FUSE Cobalt.
I think I have commented on this several times, relative to market caps and potential for gains I think WEL has a great chance of being a 10 bagger .
With the I/O now of 85MM shares and thus an $8.5 million market cap... Moving to $1.00/ share would only be an $85 million market cap. This could be reflected with good drill results from any of WEL's properties.
On the other hand for SKP to be a 10 bagger from this point in time having a 100MM shares out, would require a $400 MM That would require SKP to attain 50% of SGR's market cap ... and a resource estimate of several million oz
For SGR to be a 10 Bagger, a market cap of $7 billion is required
Not that SKP and SGR are not great investments, Just that WEL has a much easier ability to achieve a 10 fold increase than either of the others. Heck,, many days SGR 's market cap fluctuates by $75 million.
JMHO