overvalued, page-38

"i cant see how people can say this share can be worth $3 or more on total speculation"

Hi Baz,

You don't play much in the speckky space do you? Look at Sandfire (SFR), they have a market cap 10 times that of MHM, and don't make money, or have a mine, or a plant....

A very simple speckky calculation for you is.....

Projected Worth x Percent chance = Market Cap.

If a companies Projected Worth is $10B, and they have a 1% chance of getting there, aren't they worth $100m?

What about a lotto ticket? 1 in a million chance to win $1M dollars... a ticket is worth $1 right?

But what happens when the Percent Chance changes? In the lotto ticket, if it was a 1 in 10 not 1 in a million, is the ticket only worth $1 still. Would you be happy to pay $50?

This is what is happening with MHM. People are trying to work out the Projected Worth and the Percent Chance.

Suddenly both these factors are getting bigger and better... Everyone has there own calcs going on in the head... I think we will see this move much higher over the coming days.