Bit of a loaded question there oberte, if we are to try and put a figure on "potential" then we have to include not only Citronen but also Washington Land, Mestersvig and Captains Flat as well. If Either of Washington Land or Mestersvig turn up anything (I think Washington Land in particular is a good chance) then potentially this could go anywhere.
SO...
I am working on roughly 350million shares on offer and I think conservatively we could say $1 per 60MT
On that assumption and people are welcome to agree or dissagree I'd say Citronen at 350Mt is worth $5 or $6 to us.
There are obviously a lot of variables that come into play before value is realised but I don't think I am being over zealuos in my estimations at all.
There is still a lot of work to be done before we get to anything like thos figures but this company seems to be on the right track and well on the way.
why ibg will be Disallowed , page-23
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