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American Bonanza Gold Corp ABGFF



GREY:ABGFF - Post by User

Comment by materialsgirlon Dec 04, 2010 11:34pm
411 Views
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
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