down rampers / people with an agenda always say...
"I'm not down ramping.... but"
Sure, there's a bucket load of shares in play and there will be another 2 billion by November. that's not going to be a problem as long as the resource matches the expectations. The obvious bonus is the $6 M from the Nov oppies which will reduce the need for CR
As far as market cap goes 7 billion @ 2 cents $140 M MC
that's the play.
IXR gets mentioned often enough to join the dots, IXR expected MC in 4 years when production starts is an estimated $500 M
That's an equivalent SP of 7 c of MRD get that far. we are a good 18 months behind IXR.
these are just my personal "back of envelope" calcs and are rough as hell.
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