PINL:VLTAF - Post by User
Post by
ALLEN4on Jul 18, 2013 1:28pm
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Post# 21616050
We need to transition to producer
We need to transition to producereven on a smaller scale. I read somewhere that the average value per ounce of gold for an explorer is between 10 dollars and 20 dollars but the average value placed by the market on a producer is $300.00. $300.00 times 5 million divided by the 155 million shares - you do the math - a bit of a fantasy right now. Some discount from that for dilution for financing, and hangover for instability in West Africa casting a shadow over Burkina Faso, but could still take us to a level exceeding former highs. We need a better market of course, but for our company, transitioning to a producer would be dramatic. I hope there are going to be some real plans to do that on a smaller scale. The original full scale operation was going to be commencing in early 2015. Maybe a smaller scale operation can still meet that time frame or sooner.