Post by
mikeylikes on Jun 17, 2022 10:05pm
Lowest price in the history of this stock!
At 5 and a half cents (preconsol) this company is now worth less than when it was essentialy bankrupt. Zinc was at 0.80/lb at that point.
Stock went from averaging $1.20 per share with 4 mines and high of $1.60 to almost nothing with only one real mine left today Rosh Pinah.
RP 2.0 is supposed to produce 130 million lbs per year for 12 years starting 2024 at 0.67/lb costs (plus inflation, lol)
I've alreay lost 96% of my investment in this stock over 7 years so I'm all in at this point. Can it drop more than almost zero? I'm hoping not.
GLTA