GREY:STTYF - Post by User
Comment by
DayOfReckoningon May 16, 2013 8:15am
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Post# 21401897
DON is dead in the water ELMO
DON is dead in the water ELMO At that level of cashflow then fair value for DON as it stands right now (Zn $0.80-85), would be approx 3x or 18 cents per share.... I surmised over on the DON board that the company might be worth $0.25 if GlencoreX were to just take them out... Of course the Donner faithful scoffed at that price, but I don't think some of them have really factored in all the dilution and the outstanding loan obligations of the company...
The point is that WE get our copper to WE can start to sell it out into the strip and re-invest that capital.