Hey Guys
I forgot to mention the following:
1. $1Billion Market Cap Forecast by end of 2012 by Mr Promnitz on one project alone (nee Mt Kare)
2. $16million in cash at bank as at November 2011 AGM. More than enough to complete additional drilling (10,000m) + PFS Study in June + DFS Study end of 2012. EG No need to issue more shares before end of 2012.
3. 491million shares outstanding
4. $1Billion Market Cap / 491million shares outstanding.
If Mr Promnitz and his team build up the market cap to $1Billion by end of 2012. Then we will see the following:
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IMHO - $2 Share Price by end of 2012!
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Current Share Price is 16c.
1150% profit! Better than leaving in the bank for those guys to make millions from!
Remember these two charts from previous posts............
It is starting to make sense now!
Again this is my opinion. DYOR!
Cheers Nectar
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