Good morning, Terry.
Claude suggested that he and I leave things where they are and discuss them again in 3-6 months. I agreed with that.
We were talking about whether or not it was reasonable to limit current stock value to only proven reserves and positive cash flow from operations. Or, is there the flexible area about how much additional current stock price can be reasonable based on judgement of potential value? And potential is based on each person's opinion of a list of criteria that are reasonable to use. The second area, potential value, opens a can of worms. And, since MYNG has none of the first, it becomes what degree of potential value is reasonable to allow MYNG now. And how much will be "allowed" when we are running 3500 tpd with positive cash flow, and how much will be allowed when running 11,000 tpd with positive cash flow, and all the way to 10 plants, 20 plants, 50 plants, on and on. Thus, it is all in the can of worms. I say a lot, Claude says a tidbit, or least somewhat below where the stock price was at $0.18.
All you guys can debate, but it is just a matter of opinion, some have conservative opinions and some have more liberal opinions. So, no consensus can be reached.
Claude is right. It is just as well that you guys also wait 3-6 months to debate this again. We all know we are spinning our wheels. That said, I have received and read a lot of comments saying the debate on SI was interesting.
Some are saying SI is the best thread now. LOL.
gerald |
