Mar. 15 at 3:04 PM
$CAPT This is one of my favorite pending reverse mergers right now. The numbers are exceedingly hard to argue with. Additionally, the state of Montana is attempting to encourage a renaissance of gold mining, and the governor has personally told the prior owner to get the Montana Tunnel Mines sold. Couple that with concurrent Zinc, silver, lead, and other rare mineral deposits…current mineral assets are in excess of
$9.2-9.4 billion dollars per my estimate. There are some residual tax bills and watershed issues to resolve from the prior company, but all in all, I’d estimate it will take
$100 million to get it up, going, and profitable. Merger is set to close by end of March. I would like to see some filings this week to indicate that things are going according to plan, ie Nasdaq necessitated ER/financials. The period of quiet is about to end. This will likely make a run to the
$2-3 range. Currently at
$0.42. This is a high risk/high reward situation. DD and decide for yourself as always.
