Vertigo I wrote ridiculous so that I would not get an endless stream of posts debating my sanity and to make it clear I was not predicting an SP of $10 000+ for MNM.
However $60 X 15bn = $900bn profit over the life of the project.
You see that is my problem it is ridiculous to discuss such numbers in relation to a $40mn mkt cap company.
So I would sugest the value is somewhere between $40mn and $900bn :-)
As I wrote earlier no one knows what it is worth.
I like ridiculous upsides however and that is why I have sold a good portfolio's worth of other stocks and put the lot into MNM.
I am hoping that my profits on my holding will be ridiculous as well during 2011.
Made even more ridiculous by living outside Australia and thus paying no tax on said profits.
EB
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