Thank You!To someone who just sold to me 22k shares at .035 U.S. I've got more on the bid there and at .0337 (113k total). My goal is to get close to 1M shares over time, at possible lower prices (currently at 269k).
I still have a few notes in to the company for answers on an NPV scale, and a few other items. I will remain professionally persistent :). At a $2,000 Gold price I calculate that the NPV would be closer to $110M U.S., and the stock is valued at under $4M U.S.? This truly is an amazingly low valuation for Gold Bull Resources, and probably the best lottery ticket you could ever purchase. Yes, there is risk that the project doesn't go forward (for multiple reasons). However, the value is in the ground and the low strip ratio and NPV is certainly enticing. The higher the Gold price goes the better chance that this opportunity hits, and hits big.
The crazy thing is that the valuation has not changed since the Gold price went up over $300 U.S. over the past 2-3 months. Someone will look to take advantage of this situation, whether through M&A or through financing as a JV through debt. It will take some time to make it happen, but my opinion is it won't be too long.