GREY:ABGFF - Post by User
Comment by
materialsgirlon Dec 04, 2010 11:34pm
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Post# 17802063
RE: Insider Ownership?
RE: Insider Ownership?
there are about 11 million options outstanding exercisable at about 10 cents.
If financing is successful then there could be 190 million shares in 2 years but another $10m would come in from the warrants
The shares should be worth 70 or 80 cents based on the proven reserve. The big boost would come from a major expansion of reserves. They may yet uncover and mine 1 million ounces. If this happens there could be a $1 billion cash flow over 15 years. Bingo, the share price could be $2.
This will be an operational miner in 8 months but it will also be an explorer
It has been a long wait so we should all stay long for at least a year. There will be lots of news