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Santa Barbara Resources Ltd V.SBL



TSXV:SBL - Post by User

Post by statesideon Oct 24, 2013 9:59am
165 Views
Post# 21844728

15% would be worth about $55 million or 50 times SBL current

15% would be worth about $55 million or 50 times SBL current
15% of a 2-3 million ounce deposit (using RIO's market cap) would be worth about $50 million to SBL in production.  Current market cap is $1.5 million so you make about 30 times your current investment in SBL if Barrick backs in.  We can only hope they decide to back in and take it to production. 

stateside
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