OTCPK:STADF - Post by User
Post by
cre8valueon Aug 21, 2014 8:17pm
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RE:RE:RE:RE:RE: 100,000 oz Surprise?
RE:RE:RE:RE:RE: 100,000 oz Surprise?
Ted, nice write up. What I would like to add is that SAS has 3000 tpd milling capacity. They also have around $20 million cash/cash equivalents and no debt from what I see. The market cap is around $93 million. So, back out the cash and you have $73 million. If Primero wanted to build a 3000 tpd mill it would cost over $100 million and take 1-2 years to finish due to long lead times with mills. Primero has a market cap over $1 billion. Why wait 12-24 months? Buy the mill now, and get all the gold/exploration for free. Timing is everything...