Comparisons with Goldphyre’s neighbour, the Ian Middlemas-led...

• Comparisons with Goldphyre’s neighbour, the Ian Middlemas-led Salt Lake Potash (ASX: SO4), will go into overdrive. It will mean that Goldphyre will have a resource estimate very similar to, if not bigger, than Salt Lake.
• And here’s the rub: Salt Lake has a market cap of $46 million compared with $14.4 million for Goldphyre. In other words, Goldphyre’s shares would have to triple to 30c if the two companies were to have the same-sized resource and the same market value."

SO4 now has a market cap of $55 million. If GPH has a similar resource estimate, a share price of 38c will be required for the market caps to match.
News next week.