GREY:RDEMF - Post by User
Post by
Qbar82dvon Jan 28, 2016 1:53pm
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Post# 24502448
Batero power
Batero powerLooked at presentation of Batero. Not impressed with numbers of the flagship oxide/open pit prospect. EG.--recovery rate = 67%, 1.9 to 2.7 years payback @ $1400 gold. (some of the other numbers are very good).
BUT NOTE THIS. About 100 M shares @ 5 cents with cash of $12 M.
The fight for CBJ gold may not be over.Most of the high cards are held by RD.
Anouther BUT---MONEY IS THE MOVER. cheers
Accuracy of numbers may not be within 5%. Seek safe harbor.