In Aug Mexus qualified under new standards as
| Aug 11, 2014 | Initial OTCQB Certification | Aug 11, 2014 | Active | |||
http://www.otcmarkets.com/services/companies/otcqb/overview
Next step is
“The OTCQX roster includes a large number of blue chips from Europe, Canada, Brazil and Russia that are global household names.
The reason for those large and prestigious companies to list on the OTCQX, rather than on a reputed exchange such as the NYSE, is mainly to avoid the high costs associated with listing shares on a large U.S. exchange. Another reason is to avoid the expenses incurred in meeting the stringent ongoing disclosure and legal requirements associated with maintaining the listing. In contrast, the application fee for international and U.S. companies that meet the OTCQX requirements is much smaller.
A U.S. company that fulfills additional requirements, such as a minimum bid price of $1 for the preceding 90 business days and meeting the financial criteria for continued listing on the Nasdaq Capital Market, would be eligible for the OTCQX U.S. Premier Tier. This tier is designed to identify large, high-quality issuers that would qualify to list on a national stock exchange. The comparable tier for overseas companies is the OTCQX International Premier, which is reserved for foreign companies that meet certain qualifications of the NYSE’s worldwide standards.”
Ground situation is this. Major neighbor is now well outside the 4 weeks asked for DD mid-OCT. My belief is they have all the possible information needed for a decision without being an actual partner and expending funds needed to go forward. CEO is now presenting at least a back up to the main back up the same information availability. Any of the 3 would be a working partnership possibility with area experience. The desire would have been to get a go ahead decision by now from the nearest miner. A firm yes from either of the 2 others involved will need to simply be acceptable for a decision to be made. Best I can guestimate correct. Pretty late in the decision tree now with a twinkling star atop. For dummies.
Some time back I did an EV work up on Mexus; forget what it was but had something to do with no earnings to valuate. Aha! 8
Back to Future 4… BLOG Friday
When a company has no earnings you can’t talk of PE. Your measure is EV vs EBIDTA. If you’ve $9 million cash and 260 mil shares that’s 3.5 cents EV before much else. You can just buy it at .027 and pocket the .008. = 33% and await ANY earnngs .
“Will be interesting in the next few weeks to see what happens to our PPS if we do sign on with a big name like Fresnillo.
EA (Don Phillips) on his board has calculated a .035 earnings on both the JV and the sale of 50% San Felix. Not sure what that would do to our own share price. Any care to wag”
http://en.wikipedia.org/wiki/Stock_valuation