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Galway Resources Ltd V.GWY



TSXV:GWY - Post by User

Post by Geefon Dec 09, 2011 4:05pm
441 Views
Post# 19308673

Share price

Share priceThis board has been fairly quiet of late so I thought I would pen a few thoughts on what might move the share price out of its range bound position. I would suggest there are 3 major factors which will drive the SP. 1. An official resource estimate. Hopefully, GWY wont shoot itself in the foot by issuing this prematurely and short change the estimate. 2. The difficulty of extracting the gold, translating this into start up costs, the cost of production and ultimately earnings per share. 3. Assuming GWY will not be the one taking the mine into production, then having more than one bidder for the resource would be critical to obtaining a fair value for the resource.Previously, some posters on this board have postulated a SP range of $3-5 and I seem to recall one poster talked about $10 !!It would be interesting to here again from these guys how they arrived at these numbers and the assumptions they put into the 3 items above.
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