Great Republic Mining Corp V.GRM

Primary Symbol: C.GRM

Great Republic Mining Corp. is a Canada-based exploration-stage mining company. The Company is engaged in the business of mineral exploration and the acquisition of mineral property assets. The Company is focused on developing economic precious and base metal properties of merit and conducting its exploration program on the Porcher Property. The Porcher Property group consists of over nine contiguous mineral titles covering an area of approximately 3,560.4 hectares in the northwest part of British Columbia, Canada, approximately 40 kilometers southwest of the city of Prince Rupert on Porcher Island.

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Great Republic Mining Corp

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Comment by auwhore2on Aug 20, 2008 1:25am

369 Views

Post# 15396531

RE: Farallon was right

sure, the price of gold is a lot higher, but if I am right the price of oil, diesel, gas have gone much higher. Its not the price of gold necessarily but the cost to extract an oz.

Here is another way of looking at the current scenario:

Current market cap fully diluted 48,879,221 x $1.00 = $48,879,221

Value of 2,000,000 oz's in the ground X $100/oz. = $200,000,000.

Value of 2,000,000 oz's in the ground X $50/oz. = $100,000,000.

So if you were a big fat flush with cash senior, why would you buy Lindero @ $100 or $200 Million when you could buy all of Mansfield for less?

Something just doesn't make sense.

Thanks 15002, but I still need someone to decipher your deciphering. I do like your optimism and for that I am standing pat with my hand.

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