All,
I also made this statement a little while back:
My gut is telling me September will bring us .45-.55 cents a share. If the news is positive and the ban is lifted maybe this runs to .75-1.00 and then downtrends for a little while until we get the Environmental and Social Impact Studies and then the Mining License submitted. Then maybe we come closer to staying in the $1 range before we trend down again until we attain financing. My hope is that we end up in the $1 range when we look for financing as this will make things much easier.
Its very hard to determine what the investors sentiment and emotional response will be to any news of the uranium ban being lifted. Yes, I agree that using some rationale thought GGG would appear to be heading towards the .45-.65(or slightly more) range fairly quickly with news that the uranium ban is lifted.
Let's take into consideration though that this is going to be possibly the largest REE and 5th or 6th largest uranium mine in the world. GGG will be one of the lowest cost producers out there. When you start considering the interest that this stock has generated across the board and the potential...there is a high likelyhood that investors will pour into the stock. I have seen this stock compared to the Olympic Dam find with BHP. This think could run up to a $1, pull back and run to a $1 again before sliding some to stabilize at an unknown price until production begin in 3 years. Yes, I understand there will be dilution at some point, in some shape or form due to the financing requirements.
Food for thought: If you look way back in my posts, Preempt and I performed a thorough analysis of this stock. If I recall correctly, we valued the stock at $3.90/share at the time of production based on the low point of REE, uranium and zinc prices of a couple months ago. What was weird was that he did his own independent analysis and I did mine and we both came back with the same number to the penny. You will have to look back and review some of the specifics.
Good luck to everyone. I hope everyone who has been here and hanging with this stock comes out way ahead when the news is announced. Its been a long wait... Use your best judgement as to when to ring the cash registar. Myself, I will probably sell half of my shares at some point and keep the rest to see this thing through.
I will be topping up again soon. :)
Cheers,
Realty
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