leedj said:Joker - just a quick thought, some of the companies listed on the TSX drilling for nickel are below - along with today’s stock price:
http://www.tsx.com/en/listings/sector_profiles/mining.html
- Jaguar Nickel Inc. JNI 0.22
- International Nickel Ventures Corporation INV 1.46
- First Nickel Inc. FNI 1.34
- Victory Nickel Inc. NI 0.78
- Mirabela Nickel Limited MNB 5.35
Not one of these are over $10pps, dont want to sound like a doubter - am not experienced enough to yet.
considering these figures are shared by some of ISM's TSX competitors they dont give any indication that we will hit $(20 - 30 - 50) etc
My thought process would say that if these companies were achieving higher stock value, then theoretically we could also at least increase the ISM value ongoing as positive results are posted,
Your thoughts?
I will make this short, share price, how many shares do they have, how long have they been drilling, what are there NI %'s, what is there location, what is there tonnage? I'm not going to look up the share structure of the ones you listed but if you have 10 billion outstanding shares and your share price is $1, it is worth no more that if you had 1 billion outstanding but the share price would be $10. ISM currently has 75 million shares fully diluted. here is an example to compare:
FNX Mining (FNX.to) trades around $35 has 83 million shares outstanding,and have proven about 38 million tonnes with appx. 1.5% grade....
This is my opinion so take it for what it is, I think within a year or so, ISM will prove AT LEAST 100 million tonnes of nickel with a grade of around 1% and I don't think the share structure is going to change.