OTCQX:RPMGD - Post by User
Comment by
pipefit2on Feb 04, 2011 9:01am
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Post# 18074586
RE: Hey Pipe
RE: Hey PipeTN-I can't really say. If they produced a pre-feasibility study, and Newmont then declined to pick up their option, that would sort of taint the ounces as being substandard. Even in that case, I would say they are worth close to $25/oz, at $1400 gold.
In my view, the Jefferson discovery is a game changer. It now appears almost certain that the Lincoln complex will be large enough to make a mine. If they can prove up 1.5 million total ounces, and they are worth $100 each, or more, there is $150 million in value right there. Obviously, they would have to move all the ounces into 'measured' or higher categories to get that value. If Wilco is only worth $10 or $20/oz, who cares?
And if they hit something resembling Lincoln at Gold Ridge, maybe somewhat deeper, but shallower than Wilco, tack on another huge wad of market cap. Remember, Lincoln and Gold Ridge are both 100% company owned.
Also, if they hit something in the half million ounce range (or larger) at Gold Ridge, then the idea that there is an Oreana Trend doesn't see so far fetched. There is a big hold on the map near the Gold Ridge area.