EXPM:GTARF - Post by User
Comment by
leverage1971on May 30, 2012 2:24pm
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Post# 19961786
RE: RE: RE: RE: RE: Anonymous is feeding the marke
RE: RE: RE: RE: RE: Anonymous is feeding the marke Too many intangibles right now to pick prices
1) Early in drill program
2) Poor market still for juniors
3) Historical values for gold in ground and type of deposit out of whack
500k oz valued at 50 dollars an ounce / 25000000 shares = is what we are valued at right now ignoring cash
1 million oz at still a historically unreasonable price of 150 dollars an ounce/ 250000000 shares gives you a share price of 6 dollars a share.
Again no telling in today's market how much credit the market (potential oz's in deposit and value for oz's in ground) will give GTA for good drill results. You have to think though that more results will create some excitement and hopefully get us back at least to your 52 week high...
Lev