Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Gold Canyon Resources Inc V.GCU



TSXV:GCU - Post by User

Comment by scoutaz2003on Feb 27, 2012 11:37am
249 Views
Post# 19591272

RE: RE: RE: Zip

RE: RE: RE: Zip

There are always sellers on news...but there are also buyers based on the quality of the news.  If you are trading...and have short term objectives...it might drop.

 

But for my self I'm staying for the eventual buyout. 

I'm guessing thet add 1 million ounce to both catagories this year.....that would add major value along with the PFS.

 

Heck they took a stab at it in this report.

"mining costs estimated at US$2.00/tonne, processing costs estimated at US$12.00/tonne and general and administrative costs estimated at US$2.00/tonne."

That's 14.00 per tonne.

We ahave a grade of  1.26 grams a ton.

with 31.103 grams per ounce.

So

1800 / 31.103 = 57.87 dollars per gram. 

1.26 X 57.87 = 72.91 per ton.

72.91 - 14.00 = 58.91 profit a ton......

and if gold goes to 2,000 wow it really gets much better.

Lets see someone compare those numbers to any open pit mine and tell me we are nit going to get bought out.  Way higher then where we are at currently.

 

 

 

 

1

<< Previous
Bullboard Posts
Next >>

USER FEEDBACK SURVEY ×

Be the voice that helps shape the content on site!

At Stockhouse, we’re committed to delivering content that matters to you. Your insights are key in shaping our strategy. Take a few minutes to share your feedback and help influence what you see on our site!

The Market Online in partnership with Stockhouse