GREY:ABGFF - Post by User
Comment by
materialsgirlon Dec 02, 2011 3:59pm
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Post# 19288047
RE: GMP Securities
RE: GMP SecuritiesZ06 In another month we will be mining commercially and then another month or two we will be operating at full capacity of 11,000 or 12,000 ounces per month. More than $50m cash will flow into the till during 2012 including the exercise of warrants in the summer. ***** We can get great deals on other companies mines similar to where we were a year ago. We could commit $100m by then for capital in 2013***** We have a perfect circumstance. *** Fear not the daily players. 5 times cash flow would be a dollar a share and we can grow rapidly from that springboard. There was a time that I expected $3 a share but we have since had a lot of dilution; $3 should come eventually but not during the next 24 months.**** We could get taken out by some consolidator but I have no list of who might target us.**** Considering the high grade we have and the chance of having one to two million ounces on the property we are really cheap at under a dollar.