PINL:VLTAF - Post by User
Comment by
VentureTrader1on Jun 13, 2012 5:08pm
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Post# 20010503
RE: Is 5MM OZ worth more then $110MM?
RE: Is 5MM OZ worth more then $110MM? You could probably also take off the ~$35MM cash so it's really - 'Is 5MM oz worth more than $75MM?' or equivalently, 'is gold in the ground worth more than $15/oz when it's selling on the Comex at $1600/oz?' (keeping in mind the capex required to build the mine and the ~$700/oz operating cost).
I would guess everybody invested in Volta would say yes, which is why it's so frustrating that there's so little buying.