Real Value
I talked with Capstone today, 120 million in the bank, interest in silver wheaton 30 million or so. Lets say 150 million.
200 million shares, that is about 75 cents a share in liquid assets.
That makes the two mines worth about 250 million dollars.
The minto mine they are applying for permits to mine underground and go after some of those high grade drilling results they have encountered and ramp up the ball mill to 4000 tons a day.
So near term growth, 100 million pounds a year with a cash cost around 1 dollar a pound. Near term pontential to increase both production and mine life.
Kutcho still in the works.
they will make 30 million dollars a quater, that means in two years they could have 400 million dollars in cash, their entire market cap. This seems crazy and I bought more today, i could not help myself, this is a buying opportunity.