IF A BUYOUT DID OCCUR ?WHAT WOULD BE A FAIR VALUE FOR THE SHAREHOLDERS ?
554 MILLION DIVIDED BY .50 CENTS ?
= 277,000,000 MILLION ?
A BUYOUT WOULD BE NICE - AND... SOME SORT OF NEWS TOO !
THEY HAVE LOTS OF LANDS - AND GOOD GOLD - THOUGH LOW GRADE - ITS ONE OF THOSE CLAIMS THAT NEVER REALLY PROVED UP LOTS... STAYED UNDER THE RADAR AND MINED AWAY...
KEEPING THE DEBTS GOING - TO JUSTIFY .... HENCE THE PRICE IS FAR BELOW MARKET VALUE - GOODNESS - THIS IS A MINING COMPANY THAT PRODUCES... NOT SOME JR WITH JUST A RESOURCE...
The project covers a total of
5,075 hectares and encompasses the past producing Lluvia de Oro mine, the La Jojoba gold reserve, and numerous historic workings.
- Property wide: Measured and Indicated resources totaling 293,821 contained oz. Au
- Fully commissioned recovery plant on site
300K OUNCES OF GOLD X X $1300 = 390,000,000 - 277 million buyout = 113 million profit
Why .50 cents a share buyout ? Heck even a dollar or more lol
Because they have all that land with lots more gold - and are al lset up =- and in a zone to mine year round.
THATS A LOT OF PROPERTY - IMAGINE IF THEY EVER PROVED UP MORE GOLD... COMPANIES WHO DO - SEEM TO HAVE BETTER STOCK PRICES....
Lets all hope - a buyout will occur - it would be too good to be true.. lol