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Greencastle Resources Ltd V.VGN

Alternate Symbol(s):  GRSFF

Energy Oil & Gas E&P
Greencastle Resources Ltd. is a Canada-based diversified company. The Company has interests in gold and base metals exploration and oil and gas exploration and royalties. It also has strategic investments in other companies. The Company operates through three segments: Investments, Oil and Gas Interests and Mining Interests. The Company's Investment segment comprises its investment in marketable securities and investment in private and public companies. The Oil and Gas segment is comprised of its oil and gas interests. The Mining segment is comprised of its mining interests in Canada and in the United States of America. The Company has a royalty interest in one oil and gas property in Alberta.


TSXV:VGN - Post by User

Greencastle Resources Ltd > Future
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Comment by RockLobster1on Feb 26, 2021 3:21am
206 Views
Post# 32668565

RE:Future

RE:Future
granniegrant wrote: VGN has 10.7M shares in Farm and has (or will have) 3 to 5M in Golden.  Last balance sheet showed over 2M in cash and marketable securities.  Plus, another potential gold property.  The float is around 40M shares.  I would think that net book value should easily be in excess of $.30 per share. That estimate is before any future increase in the investments in Farm and Golden!  Good look everyone!  I’m still loooong!


So as a formula for NAV on marketable securities and cash...

FARM - 10.7m  x 0.81 = 8.6m
GLM - 3m x  0.65 = 2.0 m
add $2m in cash... or maybe less now...
 
total 12.6 m ./ 40m shares = 0.315 per share

of course then the calues of properties... if that's not accurate let me know, thanks
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