GREY:ABGFF - Post by User
Post by
tire9on Sep 02, 2011 7:43pm
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Post# 19008826
Valuation
ValuationI gave the time to take profits @ $1.50
1/ No debt, no hedge position. Fully funded to start of payout, with $4 Million extra cash on hand. Will no doubt be able to exceed the design capacity of the mill. 45 to 60,000 oz's/ year.
2/ Oxide ore that is simple to extract and should have very few startup problems. The previous ore mined in this pit has shown the best process. All mining dumps & work areas inside the old pit.
3/ Take home pay of gold up to $1800 per oz, if the gold price reaches $2200/ oz.
4/ Can't help but think that other cash rich JR's will want to buy this golden goose.