Actually , having held this stock for some time now I too have...

Actually , having held this stock for some time now I too have been sucked into believing its worth $1. Its a nice round number we all like the sound of when set sub fifty cents or so.

Well Ive decided thats rubbish ! ITS WORTH MUCH MUCH MORE !!!
If Banerman (BMN) is valued by the market at $116 M then ERN is worth this also,if not more.
Consider this. Both are explorers in Namibia. BMN has land nearby Paladins Langer Heinrich mine and is still very early in its exploration program.Nevertheless the market has been aware of Bannermans prospects for 6 months or more know and the share price has been running upwards this entire time.
Erongo has only had its project really start to be set up for exploration in the past few weeks. Its radiometrics appear much much better than Bannermans. So why not $100m mkt cap or more for Erongo based on what its got. The risk profile of Erongo is no greater than BMN based on how advanced their projects are.
Furthermore Klaus Eckhof has a record of putting together deals that pay of in a big big way for shareholders who get set early. We are still in the early stages and us Aussies are still to learn of Eckhofs skills when it comes to creating shareholder value. All this in the context of a bull market and I think that anyone who sells at $1 will still be happy but they will leave plenty behind.
10+ years of experince tells me this is a good one and I expect $3 per share sometime next year. ie : Mkt cap of $100million or over.
When we hit this level I will reassess. If the exploration pays off we may have a company maker and then $100 million looks cheap again.Paladin worth $1 billion !!
You should all be very happy your watching this stock today and not being introduced to it in 12 months time.
THE QUESTION IS....WHO WILL STAY THE JOURNEY AND MAKE THE SERIOUS MONEY???