EXPM:GTARF - Post by User
Comment by
Winwarrioron Sep 30, 2016 3:08pm
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Post# 25296380
RE:I'm Afraid It Will Take A Miracle At This Point
RE:I'm Afraid It Will Take A Miracle At This PointI think BAR is already out at this point, Northshore is such small potato's for them that I suspect they will decline to invest but if GTA wants to proceed and can make some money that will bode well for them - in terms of the impact on the 3 million shares they own.
From what I gather Wayne Reid wanted to prove up an economic body close to the surface that would require minimal investment to extract and process. Alternative View you suggested in August what tonnage might look like and I do not think that has changed, only improved. Again, I do not ever think that this will get big but there is likely .40 - .50 in share price worth of gold to extract. For BAR that is a chance to unload their shares in time for $1.5 - peanuts in the scheme of things - but still better than the $150 grand or so they are worth.
Having said all of that BAR is not likely to put anymore in, just as they chose not to participate in phase 1 and 2.
You might be pushing it with the "miracle" suggestion but you might not be too far off :). Anyhow I like to gamble so I continue to buy. One will need a ton of this to make some real money given as I believe it is not ever going to see a buck. I hope I am wrong