Potential Share Prices?
posted on
Apr 27, 2017 11:53AM
Combining Classic Mineral Exploration with State of the Art Technology
Something I have tried to figure through my own research and haven't quite grasped: mining is an industry that is different from manufacturing in that mining is limited to what comes out of the ground. Products that are manufactured are, sooner or later, used up and more product is needed. Yes, the same is true for mining but I'm talking about specific claims, like Hay Mountain. Once the earth there yields it's bounty it can't give us anymore. So to me it is more difficult to imagine what the share prices could possibly reach on something like this. From what I understand there are approximately 1.97 billion shares. If Hay Mountain is worth 100B that would equate to $50 a share, which of course would not happen because of the need for other companies to get involved, overhead, market price on metals, on and on. And if it was potentially worth a trillion which was mentioned previously, the prices would be higher. So my question is this: Does anyone have an OPINION on what the possibilities are for the share price assuming there is $100B-1T of decent grade metals in the ground?