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Cube Psytech Holdings Inc. T.P


Primary Symbol: P.CUUB

Cube Psytech intends to trade on the Canadian Security Exchange. There is no date set for the closing of their Initial Public Offering at this time.


P.CUUB - Post by User

Comment by Czicfwillgetermiton Oct 17, 2017 12:22am
185 Views
Post# 26820663

RE:RE:RE:RE:RE:RE:RE:RE:RE:Boring...

RE:RE:RE:RE:RE:RE:RE:RE:RE:Boring...I think management just decided to buy most of cerro at top of market for 120 mil and  the rest near todays gold prices before they did some drilling and then focused on losing all their cash on BF.  The mine DFS put cash costs at around 500 at 1340 gold...  Anyway, I think P bought Goldcorps 30% interest for 8 mil upfront and another 8 million if and when heap leach field goes into op.  I think that portion of sale happened around 1300 gold.  So what is cerro worth?  10-12 million in a firesale, maybe more imo.  
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