GREY:GUYFF - Post by User
Comment by
Mainmineron Aug 20, 2019 1:46pm
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Post# 30047414
RE:the future
RE:the future
Shaolin, thanks for your input and opinion. I have a total different view. The UG Mining is planned and cash situation is nicely with 40 Mio in cash and no debt. As we see higer goldprice cash should increase and you can see in the ppt on guygold.com that cash will bei 400 mio rather sooner than later in the upcoming years, all planned at a goldprice at 1.300.
So i think guy is totally undervalued right now as we have a good goldmine ant higly good field to explore for the next decades in a godd jurisdiction.
Price is so low because management had to correct the mining plan and resource model. but we should see better news ahead as the new management and the shareholders want to see improvemnt in all apsects.
Price should be fair at around 2 bucks right now. After more drilling maybe back to 4 if we see good results which I assume. At a gold price at around 1.500 $ we are safe all way through. Lower than 1.250 should be critical.
Greetings.