Jason Hommel
Guyana Goldstrike Review
fyi,
Found this on
RevealingFraud.com
(Formerly Silver Stock Report)
Link
This company, Guyana Goldstrike, profiles favorably in three ways:
- There is tremendous leverage at 83/1 comparing the value of the gold in the ground, compared to the market cap.
- The ore is rich enough. $76 gold/tonne, while $10/tonne is usually the cost.
- Now trading at $.13 CDN/share, but there are big investors paying $.20 share for the stock right now in an open Private Placement.
https://www.guyanagoldstrike.com/
Market Cap at $.13 CDN x 58.4 million shares issued: $7.6 million CDN.
Stock Market Capitalization at $.10/share USD = $5.84 million USD.
Symbol at Yahoo! Finance: GYA.V
https://www.guyanagoldstrike.com/investors/stock-info Stock Price is at a 1 year low.
Corporate Presentation: https://www.guyanagoldstrike.com/images/presentation/2019/Guyana_Goldstrike_-_Marudi_Gold_Project_-_Jan_24_2019.pdf
Highlight!
“Mazoa Hill zone 43-101 Mineral Resource Estimate – 259,100 Indicated Au oz within 4,428,000 tonnes grading 1.8 g/t, and 86,200 Inferred gold ounces within 1,653,000 tonnes grading 1.6 g/t”
My analysis: What does that mean? My math: 1.7 g/t / 31.1g/oz. x $1400/oz = $76/tonne rock ore.
This rock is about $70+ per tonne. And open pit mining can be profitable above $10/tonne.
Source: https://www.mining.com/web/making-the-grade-understanding-exploration-results/
That means we have a winner!
Total indicated and inferred ounces = 345,300oz. gold x $1400/oz. gold = $483 million.
Leverage? $483 million / $5.84 million Market Cap = 83/1.
The most leverage typically seen in the silver stock report over the years was about 30 to 40 to 1 (SSR Reports #7 and #40), and some of those projects were not nearly as economic.
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