Base Share Price = .011 / .012 (assumng global financial markets don't get any worse).
The Company has existing projects in NSW and Montenegro.
The Company has embarked on an aggressive growth by acquisition campaign with $5.4 to spend.
The Company has also submitted a tender to develop the phosphate industry in Togo, West Africa.
Peak Share Price = The Directors have a desire to build the Company into a mid tier mining business. They have quoted an eventual market cap. of around $500 million to me. What share price that equates to will depend on how many shares are on issue by the time we get there, and how successful the Directors are in achieving their goals. The stability of the global financial markets will also have a bearing on SSC's share price performance, as will the level of demand for our products.
At the moment, based on 1.719 billion shares on the register (incl. Director Share Plan Shares), that equates to a share price of around 29 cents.
So, IF the Directors are correct in their $500 million market cap. prediction, we should see 29 cents assuming we don't dilute the register further.
I anticipate that the company may need to raise further capital in the future.......
Will the Directors be able to achieve a $500 million market cap.??? Only time will tell ........
SSC Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held