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Someone mentioned CNA, which is Canadian Mining Company (C.CNA) on the Alberta stock exchange (SI thread under CZL, or Canadien Zeolite, its old name). It is also an Arizona dessert dirt, and it may well be the first to actually produce metal. It has a tentative agreement with a private firm to sell its ore to the private firm, in which it will be paid $300,000 per month or $3.6 million (U.S.) per year. The final agreement is scheduled to be signed on March 15. The company's current market cap is about $9 million, US, so multiply the $3.6 million by a price to cash flow ratio of 10, and you get a value per share of $3.60, US. Current share price is less than $1 US, so this stock could easily quadruple in the next few months. The deal to be signed could be the first of many, so the price could go up many times above $3.60, US. In my opinion, a company that will be bringing in $3.6 million against a market value of ~$9 million is way undervalued. Of course, do your own due dilligence. Robert Estes or Chuckie could probably add to this. |
