I've also been doing some projections on what I think the market cap and share price could be given dilution based on the phases ahead of us.
I won't share that here (people will say I'm ramping), but I'll share that Champion iron, who I use as a delta for my projections started with almost 200m shares on issue by the time they raised to build their mine.
They also had a $0.15c share price around that time.
Add per my post above, I estimate we'll have about 100m shares on issue.
With positive studies we should have a $200m market cap, which means a $2 share price with 100m shares.
It is not going to take a lot for this company to kick off, and whilst it may be 2 or 3 years away, I believe it will be violent when it does.
I'd like to hear what others think, and of you've done any calculations, I'd love to see them.
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