GREY:ELGMF - Post by User
Comment by
sun_shineon Feb 03, 2012 3:44pm
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Post# 19487931
RE: RE: RE: RE: What a BARGAIN.....$$$$$$$$$$$$$
RE: RE: RE: RE: What a BARGAIN.....$$$$$$$$$$$$$ Combined resource of about 1.8mm ozs mostly from GOZ. Combined mkt cap at current price of
.97 of around $142mm (147 shares outstanding pro forma) and EV of $108mm ($35mm in combined cash). EV/oz of about $60. I think the story is really of high grade gold production in 2014 from Lupin and increasing the resource numbers using steady cashflow from Bjordkal. Of course then looking to acquiring more better quality assets in an increasing gold price environment.