GREY:FGBDF - Post by User
Post by
realmoneon May 05, 2009 3:09pm
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Post# 15968530
Lots of value here
Lots of value hereI had a long chat with IR today. They are still working on things and very optimistic that they will have an amicable solution in due time.
I called to confirm a few things and try to get a handle on valuations as to exactly what the company is worth. They have put close to 25 mil. into their mill already. There is a resource of perhaps 500k ounces, which can be valued numerous ways, and lots of value in the fact that the permitting process has been long and expensive, but is complete. You add it all up and it is certainly worth a lot more than .07 per share.
From my own perspective I don't find the negative risk premium put on the share price as anything more than temporary and will continue accumulating at these prices.