EXPM:HRTFF - Post by User
Comment by
Giuseppe1on Jun 30, 2016 2:49pm
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Post# 25013371
RE:@$.29/s you could buy $300,000,000.00 Gold Brick for $92 mil
RE:@$.29/s you could buy $300,000,000.00 Gold Brick for $92 mil
Driller,
Gold is at $1320, so with $600 cost/oz, profit = $720/oz.
With 500,000oz @ $720 / 385m shares (fully diluted) gives a fair value of $.93
Mr. Roman thinks there's likely several million ounces and I agree. Dave Bell and Don Mckinnon both said the dame thing about Hemlo back in the day. I remember my dad meeting with them both in the 80s and they were saying saying the same thing about the geology there that Roman is.
Either way, the orebody is indicating well over 500k ounces. Roman thinks several million. A conservate 2.5 million ounce, high grade mine puts the stock well over $5.
The reason we're still in the .30s is the Liberal government and their anti-mining policies. Look what they did to the Ring of Fire. Over $60 Billion in the ground and McGuinty/Wynne stalled it to death. Noront even took a write down on it, they were so fed up with the regulatory process.
Let's hope the Liberals don't screw up again.