GREY:PGDIF - Post by User
Comment by
Kidlapikon Aug 22, 2014 10:37pm
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Post# 22871286
RE:RE:RE:Use of Proceeds
RE:RE:RE:Use of Proceeds I dont share that sentiment Mill. Even at full rights and warrants issued 0.45c equals a market cap of $125mil.
The conversion of the inferred resources of CH-6, CH-7, CH-44 and CH-46 could easily be in the 25mil carat range and at $188 per carat that equates to $4.77billion and that is without factoring in any new finds or taking CH-6 past 350m.
If you compare to SWY market cap of $450mil, MPV market cap of $550mil, LUC market cap of over a billion, DDC Market cap of over a billion, KDI market cap of over $125mil.
We will have a bankable feasability study within two years.
What is your basis for believing that we cannot reach $125-mil market cap before the average person retires?