market cap...
posted on
Apr 03, 2013 04:20PM
With the negative dilution of approx 20 million warrants and options off the table the outstanding shares is around 170 million ..so at 3 cents our market cap is around $5million. Finally the odds sound very good of fixing mill issues....just my guess but I would estimate we will produce income of around $800,000 to 1,000,000 (ie profit) to start with and we probably still have $1.5 million in the bank. Once we move into next stage...which will be "show me the money"...things will start to change. It has taken so long that I think it will take 6 months of proven mill results...then positive things will start to happen...I believe by the end of this year we will all be much happier. Had we not made the move to sell 'ring of fire' ..we would now be toast. Maybe we don't feel it yet but we are in much better shape than 90% of the juniors on the venture exchange. I feel the odds of being back over 10 cents a share by year end are quite strong...JMHO.