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Gold Canyon Resources Inc V.GCU



TSXV:GCU - Post by User

Post by STE15165on Jul 30, 2013 7:26am
227 Views
Post# 21638201

Price

Price
We have 5 million indicated ounces with potential to add to it. At 1300 dollars an ounce that is a total revenue of 6.5 billion dollars. You can buy this company right now for about 30 million with a share price of 23 cents. Feasability shows the initial money output for the mine will be made back in a year and a half. After that you start eating into that 6.5 billion for profit. For the life of me I don't understand why someone wouldn't jump on that as the returns are insanely high. We are at one tenth of its value. Wouldn't this be pocket change for Goldcorp or Barrick even if they are having issues.
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