OTCQX:GTBAF - Post by User
Comment by
touaregon Jan 22, 2020 10:33am
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Post# 30582820
RE:RE:Getting too rich
RE:RE:Getting too richImo $100 is still on the low side.. if you take the location, infrastructure and a rising POG into account I firmly believe $200 per ounce is closer to the mark.. and that would mean our share prise is currently covering somewhere around what we have at hinge / limb!! and that means the monster we have along at least 4Ks of the LP fault is currently being priced at Zero.. Zilch.. Nada.. Nothing.... $20 may make sense on a mountain in the wilderness of Alaska vut not in Red Lake. Goaweigh wrote: It may be too early for 15,000,000 Oz. but $ 20 is too low. If $ 20 was the going rate for Oz.'s currently trading at over $ 1500 We would be better off building a mine ourselves vs. selling the deposit.
Use $ 100 per Oz. and the market is giving us a value based on an estimated 4,000,000 Oz. which is probably about right.
Malartic is currently netting $ 560 per Oz. and they are mining material at around 1 gram so you tell us what a profit of $ 560 per Oz. is worth multiplied by 500,000 Oz. per year for 30 to 50 years. BSdetector2016 wrote: The share price has run up nicely for Great Bear but it may be time to talk about the realities of tonnes and grade. If you do a quick and dirty calculation at $20 USD per Inferred ounce the market cap translates into 15 million ounces. Is this realistic for this company?