GREY:COLUF - Post by User
Comment by
JoeKoolon Aug 26, 2010 2:14pm
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Post# 17386681
RE: Potential timing for drill results
RE: Potential timing for drill resultsAnyone know what the cash cost per oz. for OSK's Malartic project is? Their 5.6 bil m/c is based on what, 10 million ozs. of low grade ore? Yes, they get a bit of a premuim being Que. but I'm sure their cash cost is in the $400 per oz. range. It's possible our cash cost could be negative with the pt & pd numbers. Their float is about 4.5x ours. So, even if we prove up half of what they have, our market cap could easily be 2.5 bil (based on the in situ value the market is giving OSK's ozs.) We shareholders get 75% of that or 1.875 bil, divided by 90 million o/s (I believe its about 90 mil fully diluted) and you get over $20/share. That's not factoring in our very low or negative cash cost vs. their much higher cash cost. Bottom line is that if we release great assays over the next few months while gold climbs to new highs, our SP could be 2-3x what it is today.