GREY:OLEPF - Post by User
Comment by
ElephantHunter1on May 29, 2013 9:03pm
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Post# 21459118
RE: RE: So where is this thing going ?
RE: RE: So where is this thing going ? Define substantial. NI43-101 says 2.335Moz. of which Massato 1,223,000 (open pit), Golouma 222,222 (open pit) 840,000 (underground). If TGZ won't mine their underground because of costs, what makes anyione think someone would buy these underground ounces. OLE is selling 1,445,000 oz. and this is what a buyer will be paying for. Now factor in the 47% ownership and 15 cents isn't that ridiculous. I see 20 cents by the end of next week. TGZ will be the only buyer but don't hope for some big premium.