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Geologix Explorations Inc GIXEF

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GREY:GIXEF - Post by User

Geologix Explorations Inc > San Augustin project sold by Silver Standard
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Comment by FabCH18on Nov 17, 2013 2:21pm
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Post# 21913960

RE:RE:San Augustin project sold by Silver Standard

RE:RE:San Augustin project sold by Silver StandardStock price of Argonaut is around 5.5 CAD, therefore 30 mios of shares * 5,5 = 165 mios.

I didn't include the 2% NSR which increase the sale price (as soon the ounces are produced). They have around 4,5 mios of AuEq resources. If they produce 3,5 mios of AuEq ounces, Silver Standard would get 91 mios during life of mine (price ounce of gold 1'300). So the total sale is more around 300 mios !

Cheers,
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