GREY:CGOOF - Post by User
Post by
ts9222on Sep 11, 2017 4:59pm
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Post# 26681869
How to Get Operating Mines for Free
How to Get Operating Mines for Free This is how to get operating mines for free. Take illegal mines that are operating on your mining title and convert them into legal mines with the help of the government. This is what GCM just did, essentially getting new operating mines for free.
Previous complaints about GCM by people on this board.
They are bankrupt. No, they have been generating excess cash and paying down debt.
They are running out of reserves. No, they extended mine life to 9 years and increasing with drilling.
1 billion shares. No, only 20 millions shares currently. Fully diluted is small now.
Stockhouse valuation shows a P/E of 2. Yahoo finance shows a P/E of 1.
No need to wait for years before production. Can take advantage of the higher gold price right now.