Joh: How do you guys get $500/share in future valuation for IPMCF. They have 20,000,000 shares, give or take, if they are going to build the 10,000 tons/per day (the 10,000 tons is required for them to get their full potential ownership of 70%, I believe) facility, they will need what, between $50 MM to $200 MM investment, that means that the numebrs of shares (I presume this might be the way to raise such capital) will grow to 40 MM shares, and at $500/share you will have a capitalization of $20 Billion bucks (and this is assuming they do not pull an Arakis of going from 20 MM shares to 100 MM shares in one year). Do you know many "majors" selling at this capitalization?
Such mining companies sells at one time their yearly sales (many sell for discount to yearly sales). Take your calculator out, you will see that to support a capitalization of $20 Billions, they will need to produce 220,000 ounces of gold daily, but at 10,000 tons/day, even assuming they can extract .25 oz/ton of gold, they get only 2500 oz/day.
And I am chided on this board because I use the term "hyping".
Get some reality with your numbers, guys or you are going to get a lot of "widows and orphans" separate themselves from their money.
Zeev |
