I was too scared to get on board, but congrats to both you and Crazy Jim for having the guts to get on board.Caliente said:thanks *tips chewed hat*. I got on and off for an easy grand profit, which for young me is quite a lot to make in a day
Id like to thank crazyjimsmith and pussycat for the tip.
I too have no idea with this one.powerkoala said:it's very hard to know.. while many buyers jumps without place the buy order...
can't predict the hype...
may be if we have "crystal ball" ?
its called the Moses effect.powerkoala said:i always miss the boat
but when i jump in....
it sinks
noobs said:Any thoughts on a retrace b4 2pm as day traders get out with their christmas and new year bonuses?
crazyjimsmith said:Nice try Noobs
noobs said:You can't tell me that this stock isn't awash with day traders now
Good luck to all MMB shareholders and Merry Xmas to all.crazyjimsmith said:One thing that really annoyed me was the blatant down ramping attempts on this stock on ASF.
ASF is usually a really good forum with well researched and well picked stocks.
I was surprised that nobody here had picked up on Magma Metals so I started a thread as a good gesture.
The down ramping has really left a sour taste in my mouth.
Do your research on this guys!
In my opinion it will go much higher over the short-mid term.
Good luck to all!
Market Cap at 95c = $33.8m
Market Cap at 95c (including shares in escrow, options etc) = $62.0m
I have seen (informal) valuations on just the Current lake prospect of $374mil (never mind all of their other projects). So a share price of $3 is certainly not unrealistic – and in the short term!! Especially when you consider all of the Director buying in recent months!!
wink.gif
See my earlier post for more details.
Caliente said:Given the strong nature of speculation on this stock I had a look at of all places... Hotcopper (evil I know) and found a post by a respected member known as trade4profit. His post is as follows.
/QUOTE
I suggest people try not to give their winning hands away for a fraction of it’s potential value…
In my view, we have another special situation here…or at least the serious potential for one.
We have an already confirmed strike of some 1km from a target of some 1.5km+…with indications of width up to 200m in places.
In my view this is pointing to a serious find…especially for these sorts of in this part of the world.
lol…now for some of those numbers I love so much…
To be conservative, I will assume an average width of just 50m (ranges 0-200m), a depth of just 100m (we have this confirmed already) and a strike of 1km (already confirmed)
Summary: 1000m (strike) x 50m (width) x 100m (depth) = 5,000,000 m3…x 3.2 (sg) = 16,000,000 tonnes
Discounting the high grade results from the transported materials, and paying greater attention to the average grade of all test samples,we come up with the following potential parameters…
Cu @ .5% (recoverable) x 16m tonnes = 80,000t Cu = $800m
Ni @ .2% (recoverable) x 16m tonnes = 32,000t Ni = $1,088m
PGM's 4.5g/t (recoverable) = 2,314,800 oz (assume av $800/oz) = $1,855m
Silver?
Zinc?
Total in-situ value (recoverable) = $3,743m…or… $3.74 billion
An applied market value of 10%of inground (assuming an economic resource) gives us a market cap of $374m…or about $5.67 per share.
Add cash, and other assets and you get about $6.00 per share.
Now before getting too excited, remember this will not happen overnight, but if drilling continues to confirm the nature of this find, such prices are more than possible.
Remember also, the above numbers assume a depth of just 100m…which has already been confirmed…double this to 200m for similar grade and you get $12 per share. Importantly, mineralisation to 1km is not uncommon in this part of the woods, although I would be happy with just 500m.
Clearly the potential here is significant…so if you do feel the need to be a dumbo by giving your shares away to someone else who is not, someone else who has potential done their homework, I suggest that you at least hang on to a few just in case.
I wonder how many people originally held significant numbers of shares (in the early days) in a certain other stock, with similar potential, but by the time the run was in full swing, held only a fraction of what they originally started with?
Interestingly, if your trades are going against you on this one, it’s more than likely because some pretty smart cookies are playing you for your stock…this in itself should be indication enough for most punters to hold on.
Remember, some of the best stories in recent times have seen manipulated share prices…both up and down…and none of them went up every day.
I suggest people forget the idea that this is trading from news to news…it might “spike” on news days, but from now on in my view, it is trading on results. Oh and by the way…further drilling results are actually due (zinc) according to the company…and no doubt we still have the possibility for a rushed special on the Canadian assays?
So…news will be there for those who live by such things…and significant already in the bag for those who do not.
Cheers!
/ENDQUOTE
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