Gediminas Jasionis

Amerilithium Corp. (OTC:AMEL) Puts Out More Advertising

by Gediminas Jasionis June 8, 2010

Amerilithium stock price has been on a stable downtrend from May. That doesn't mean the stock has become underpriced but only points to the fact this company has nothing valuable to offer. Even if their newly acquired mineral claims are worth the price, the management will still have to come up with funding to cover the development costs.

Some paid promoters like Eric Dany even goes on to suggest 12 months AMEL price target of $7.65, which would put their market cap at $443 million. However you look at this it's unrealistic for a company with $6 million in assets to successfully grow to such valuation in just one year.

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