GREY:PGDIF - Post by User
Comment by
ekimon Jul 30, 2017 10:20am
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Post# 26526302
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Drilling at Chidliak
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Drilling at Chidliakand for sake of doing the math.
1000 shares at $5 IPO
Exercising all rights and warrants equates to
4520 shares @ $2.40 average price.
Getting to $4.80 without a big bull market in commodities would be very, very speculative.
Getting a partner to do the heavy lifting for building a mine....maybe $2.40 plus some coins may be attainable.
It is still theoretically possible for the original IPO holders to get get their $$'s back with a small chance of a profit.
Most commodity stocks (juniors especially) bought in 2005 to 2008 are still at a significant loss.
Even Sabina was at $5 for a while and they would need a big rally in gold to get that stock back to $5 today with zero return over that time period.
LONG...PGD
EKIM