GREY:GDPEF - Post by User
Comment by
LeftBookon May 02, 2019 10:38am
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RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:hypothetical investment of $20M cash plus $20M tax credits
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:hypothetical investment of $20M cash plus $20M tax credits
Damian,
Why do you think AGB will hit $5 ?
You are leaning hard on the Gibson factor for the results of the bulk sampling. RCG never had enough cash to boot strap operations. Perhaps the results would have been better with better resource definition. As-is the company leveraged the tax credits to the gills.
If there was a M/A with Atlantic then Dufferin, Tangier, Forest Hill would become properties on the balance sheet until the company had time to mine them. But the tax credits would be useful sooner. They are more cash like.
In an M/A with ANX the tax credits are more like mining gold.