Much as i like the sound of that i'd like to see t
Post# of 2067
(Total Views: 423)
Posted On: 07/07/2020 10:20:56 PM
Re: Alascantrade #1186
Much as i like the sound of that i'd like to see the math that would go along with that pricing. Seems high without a major ramping up of ore loading, leach and recovery. To get to that share price implies bigger equipment, plant capacity, ore loading, crew size - just a big expansion . Since we're self -funding I don't know that the current small startup can ramp up that quickly.
Work backwards from 15 cents share pricing and you get about 1.5 cents per share in earnings with 1,8 billion shares that's gonna take about 300 oz per week production. I hope it happens but it's a big leap from our current 30 oz or so per week. Can we do 10 x of everything? Heck, maybe. Heck, yes. Dunno. Don't want to set Paul up for unreachable goals. Pretty sure we'll still be under a dime a year from now. Nobody's prediction for "year from now " or "end of the year" has been even close. We're always on the high side. For years it was "$1 a share by the end of the year". Then 65 cents a share and now with the dilution we are talking about whether it'll be 5 or 10 or 15 cents a share next summer.
Work backwards from 15 cents share pricing and you get about 1.5 cents per share in earnings with 1,8 billion shares that's gonna take about 300 oz per week production. I hope it happens but it's a big leap from our current 30 oz or so per week. Can we do 10 x of everything? Heck, maybe. Heck, yes. Dunno. Don't want to set Paul up for unreachable goals. Pretty sure we'll still be under a dime a year from now. Nobody's prediction for "year from now " or "end of the year" has been even close. We're always on the high side. For years it was "$1 a share by the end of the year". Then 65 cents a share and now with the dilution we are talking about whether it'll be 5 or 10 or 15 cents a share next summer.
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