GREY:OLEPF - Post by User
Post by
tony1969on Mar 13, 2013 8:18pm
204 Views
Post# 21125989
We are back to about a $140 million...
We are back to about a $140 million... market cap. Less than $30 per ounce in the ground not counting further ounce potential.
TGZ is down to about a $325 millon market cap. Less than the cost of their mill and its upgrade. If these two adjoining properties are not takover candidates now then they will never be. Both companies are valued at $465 million when they can make about half of that in profit a year assumming $1550 gold and about 350k ounces in production with a cost of $700 per ounce. Unreal. Combined they are worth twice as much.