GREY:RDEMF - Post by User
Post by
jjeeddoo7on Nov 02, 2016 2:33pm
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Post# 25416987
ADD this
ADD thisthe first gold pour has happened, CEO says overseas at a conference that we should have approximately 10,000 ozs by year end.
read NOV presentation and it is clear we should be re-rated
70,000 times $700 profit = 49 million clams
260 million shares
50 mil divided by 260 mil shares = .19 cents
.19 - future drilling costs, build out, etc = .14 per year
.14 dividend times 2 years = .28 cents
FREE shares in two years
PLUS sell shares in year 4 @______!! (my guess is approx. $3.75- $4.25 with added reserves and Vetas mining plan in place)
Mom is gonna think we are geniuses.
(AND this is why the big names dove into Red Eagles, although at the time I thought they sold the tires a bit too cheaply, but the market is what it is!! So, sorry for doubting you Ian)