Sprott Resource Corp (SCP.TO) Message Board

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Gold/Mining/Energy : Sprott Resource Corp (SCP.TO)

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To: Amark$p who wrote (20)	1/11/2010 9:11:01 PM
From: Claude Cormier	1 Recommendation of 247

\|\| now 229m shares at $1.80 = $412m and that alone equals $4.33 value per SCP share ! That is what I think as well. All press releases confirm this. But I am trying to confirm with the company. For sure the market cap of OIP will be extremely volatile. So will SCP's nav. But the facts are that Orion published some guidelines today. orionoilandgas.ca And these guidelines suggest that a market cap of $500 million for Orion stock is not far out based on cash flows. I guess that Sprott Resources valuation will adjust over the course of the year as Orion's targets are achieved.

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