GREY:NWSKF - Post by User
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Max_Valueon Nov 08, 2013 4:04am
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Post# 21887570
RE:Torex has INFERRED gold and NO mineral reserves
RE:Torex has INFERRED gold and NO mineral reserves
Cost escalation? source? I don't think so:)) Of course, Media Luna is still early stage, but 5,84 mio oz at 4,55 g/t is remarkable. Furthermore less than 25% of the Media Luna area has been explored, still lots of potential.
Only about 600 mio shares outstanding. Once options and warrants are in the money, sp is gonna be much higher.
So, once again. EV less than 300 mio, NAV of El Limon 30% and IRR 24% post tax. Great numbers, isn't it. Last time I've seen such a cheap junior at FS stage RR got bought out:)
Nothing wrong with this story.
Max