RE: Caesars Report - Galway thanks Fishermen, more confirmation for us shareholders to stick to our guns.
I thought this part was amusing though:
"If we attribute an (arbitrary, we admit) value of C$30M for Vetas and C$5M for Victorio"
Read more at https://www.stockhouse.com/bullboards/messagedetail.aspx?p=0&m=31707362&l=0&r=0&s=GWY&t=LIST#MhgQ0kYcMDyjEfAz.9
exactly what 'research' are they doing if they are just going to come up with an 'arbitrary number ' for the biggest issue facing shareholders right now - the value of the spinout properties. I would have been especially interested if they had had something to say about Victorio since it looks like everyone is assuming it's worth basically nothing at the moment.
But even as an artibrary number I would say 30 million is a bit ridiculous: With three buyouts in the immediate region (Ventana, Calvista, Galway) all valuing high grade gold at 200+ per ounce and Vetas conservatively looking at 1 million ounces I'm waiting for at least $3.00 before reevaluating.