RE:RE:Shell Coming! Boxing day sale! My opinion! > Mil and equipment and infrastructure: 3 million
$3 million is price that RCG paid for the Plant and equipment out of receivership
The other cash-like assets are worth $1.3 million.
Cash 10,559
Receivables 44,254
Prepaid expenses 63,401
Net fixed assets (RCG) 19,910
Land (MGC) 99,270
Reclamation bond 1,070,000
SubTotal 3,307,394
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I guess one could apply 30% black friday discount to the
mill, equipment and infrastructure.
$4.3M * ( 1 - 30% ) = $3M
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Interesting that your valuation of Tangier and Forest Hill are up from the carrying cost.
500,000 * $10/oz = $5 million
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Notes:
see post for more on assets ex-Dufferin
https://stockhouse.com/companies/bullboard?symbol=v.rcg.h&postid=29837167