GREY:HRIVF - Post by User
Comment by
ThyFishon Oct 12, 2010 2:17pm
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Post# 17554715
RE: John Helmer's Latest ...
RE: John Helmer's Latest ...John Helmer Article quote;
"Prognoz, have suggested resources of between 94 million to 194 million oz. Converting these numbers at the current silver to gold price ratio, Prognoz may hold a mineable gold equivalent reserve from 1.94 million oz to 5.34 million oz. But then again it may not."
I realize that Prognoz ownership is still in court and that the resources are unproven, but if Mordy is in fact trying to use this towards the new IPO valuation, he might have the inside track as to the outcome. If this is the case, HRG would then take a huge percentage of the IPO valuation...IMHO.
Many posters here have been saying for a while that Prognoz is the "wildcard" and I think we will see that shortly!! Severstal is trying to get their ducks in a row here before they announce the IPO date....so don't be discouraged because I have a feeling when news comes, it will roll in like a tidal wave!!
ThyFish