ScenariosMy wild guess---The 43-101 will say 40 to 50 million dollar capex US at a cost per ounce of $800 US or less. If thats true, the company is worth a lot. (There's a decent chance my guess on cost per oz. is too pessimistic, but we must remember they set a conservative g/t and width of veins cut off. Its a visible gold type of mine.
The report will be very intersting reading)
Even if gold went down a lot they would make money and be worth a lot more.than they are now. Even at a $1000 gold US they would turn a decent enough profit. With a very conservative PE ratio of 10, it seems they would still be multiples of their present MC.
Hopefully Lion can do borrowing and not diluting for their, (our?) capex. Maybe Berukoff can lend it to us-we'll pay him a great interest rate)
Just $28,000 US would buy up the next 5 levels of price asks. It would be interesting to see if they were replaced quickly which would likely mean some nut wants to liquidate or a guy at a fund has orders to keep liqiuidating. Even so they can only have so much to get rid of.
(DO YOUR OWN DD, of course)