RE:RE:RE:Gonefishing & BigRig; Latest NR ?Hey Golfer,
BR here. To clarify, a sale of what's in the ground (more chances with a PEA than with an updated 43-101) would be around 5 - 10% of say $5 Billion for arguments sake.
So there are 130 milion shares fully dilluted.
That's $38.46 USD per share
10% is $3.85 USD
5% is $$1.92 USD
So the delta from the curent 9 cent USD share price is 21X to 42X return.
I'm happy with that, even if it takes a year.
PEA will be accelerated with a JV, as will the share price, almost immediately.
PEA if NAM continues on it's own will likely be Q4 or Q1 2019, all things being equal.
The formal updated 43-101 is due end of April though likely to be delivered sooner, say April 15th as GoneFishing has suggested.
Now if there is a bidding war, all bets are off. This could go to half or more the amount in the ground. ($20USD per share)
Now that's some serious golfing money right there, and depending on how many shares you hold, you could buy a course or two.
:-)
BR