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Solitario Resources Ord Shs V.XPL


Primary Symbol: T.SLR Alternate Symbol(s):  XPL

Solitario Resources Corp. is a natural resource exploration company focused on high-quality Tier-1 gold and zinc exploration projects. The Company’s primary business is to acquire exploration mineral properties and/or discover economic deposits on its mineral properties and advance these deposits, either on its own or through joint ventures, up to the development stage of the project. Its projects include Florida Canyon Zinc-Peru, Lik Zinc-Alaska and Golden Crest Gold-South Dakota. The Florida Canyon Zinc project is located approximately eight kilometers (km) from a paved road that connects coastal northern Peru with the Amazon basin. The consolidated Florida Canyon land position stands at 48,700 hectares (120,300 acres). The Lik high-grade zinc project located in northwestern Alaska is an advanced exploration project joint ventured with Teck American Incorporated (Teck). The Golden Crest Gold Project is located in western South Dakota.


TSX:SLR - Post by User

Post by DUMDOMon Dec 14, 2011 7:32pm
321 Views
Post# 19323458

DO THE MATH

DO THE MATHThe company controls 58.75 sections of land. Each section is 256 hectares. This means they currently have 15040 hectares. Lands adjoining the Hardy property recently sold for $5000 per hectare. So if we conervatively value each of their hectares at $1000 , this gives their lan position a value of $15 million dollars. Plus they have $4.2 million in the bank.Total value is $19 million dollars divided by 135 million shares equals
.14 cents per share. This is a great deal at 2 cents. Only a moron would think that the market knows how to price a stock(GG).
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