GREY:OLEPF - Post by User
Comment by
tony1969on Feb 01, 2013 2:02pm
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Post# 20925793
RE: New Math Formula = $2.24
RE: New Math Formula = $2.24 Good job GF. It must have taken you some time to do all this. I think that they have spent just over $150 million not $135 on the property so far. I have to agree with dmuy however on the price estimate. I think that you can knock off a good 25 to 30% off of that $2.24 figure. That figure would be in a perfect world or with gold much higher. I believe something around $1.50 to $1.70 would be a more accurate guess in my amateur opinion. Remember it all goes back to what the market is willing to pay not necessarily what management wants or thinks it is worth.