looks the real deal..., page-144

aaremms, there's several things you could do

1) get a hold of patto's broker and get their pitch [they may already have report done]

2) look at some recent corporate transactions for undeveloped resources, work out the range of insitu multiples that were paid and apply them to a range of potential resources here. is the mkt paying too far forward for something that hasn't happened yet

3) use other similar [developed] projects to make some mock development scenarios [a simple cashflow model]. then work out the current mkt cap as a percentage of those possible project values. are those %'s justified based on peers

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the guy with the most money to spend [or most stock to sell] always gets to choose the right number, but based on how the exploration unfolds there is a reason SIR will trade in the mkt-cap ranges it does. it's not all gaps, mkt-psycology and trend following