RE:LOL - Romarco Minerals
99999gold wrote: Any of you looked at the valuation of Romarco Minerals? what the f u c k - talk about diluting your shareholders 1.2 billion outstanding and NPV 5% discount at 1550 gold is 774m (pre tax), guess what the market cap is right now?
$700m
Here's the kicker, NPV 5% discount at 1250 gold is 419m (pre tax), what's the gold price right now? Post tax these numbers gets worse.
They just did a bought deal, guess how many underwriters were on it?
10
why 10? because no one wants to hold the entire bag of s h i t so they needed 10, instead of your typical 2 or 3 underwriters on bought deals.
And they just ding their shareholders for another 200m in debt.
I wanna punch someone in the face tonight, LOL
When they get to production the first 4 years = 155k/annum
Again, market cap is 700m gold price: 1200
da f u c k