I picked this up on another stock but since this is public...

I picked this up on another stock but since this is public info...

Rick Rule

When I talk to you about the fun I had with [investing in] Paladin — going from 10c to $10 per share — one of the things people forget is the fact that the starting market cap was $1.7m.“It’s much easier to get a 10,000 bagger if you start with a sub $2m market cap, than if you start with a $200m market cap.”When you look across the market capitalisation of the so-called juniors today the starting point isn’t cheap, Rule says.“I talk to an audience about the fact that a collection of the 10 best junior uranium stocks could triple in a five-year time frame, and people act like I am traitorous,” he says“‘Oh no, it is a minimum of 10 or 15 times!’, they say.“10 or 15 times starting with a half a billion-market cap means they are suggesting that some of these little companies will have market caps that exceed [world’s largest publicly traded uranium company] Cameco’s [$US9.73bn market cap].“I find that unlikely.”Too many people in the narrative now are expecting 10-baggers. Rule believes 300% returns are more probable.“When I run net present value calculations on some decent companies at $US60/lb or $US70/lb yellowcake I see probable triples,” he says.“I personally believe a three-bagger over five years, something like 35% compounded internal rate of return – especially considering that it’s a probability, not a possibility – is a good thing.“I’m looking to allocate a bit of my own money and a bigger bit of client money, and I’m looking to get 35% to 40% compounded internal returns over three to five years.“That seems pretty good to me.”