People discuss a wide range of stocks on these forums. Some resource stocks have nothing more than exploration targets. others have a JORC resource and others have early stage scoping studies. Most of those have no guidance on how to eventually fund those projects- if they eventually prove economically viable and yet the market values those companies and people discuss potential valuations.
Minbos has a DFS proven, economically viable project, it has already funded and paid for US$16mill of the total US$40mill capex with major, long lead plant components manufactured and delivered. It has credit approval for a further US$14mill from the IDC and is in talks for the remaining US$10mill with plans to begin construction in July and production in April next year.
Why shouldn't we discuss potential valuations?
When have I ever promised anyone prosperity?
I have no idea what an evengelistic space cadet even is but if they research companies and estimate potential valuations as a guide on whether to invest, then good on them. I'd like to know how anyone can invest if they don't have a sp target and why we shouldn't discuss potential sp targets based on reasonable, substantiated information. I think it's important to have sp targets.
The best company in the world isn't necessarily a good investment if it has a valuation equivalent to a sp target of $1 but currently trades at $3.
Let me know specifically what it is you think I am posting that I shouldn't be posting.
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