OTCPK:ARTTF - Post by User
Comment by
TXRogerson Oct 18, 2017 8:28am
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Post# 26825091
RE:RE:RE:RE:RE:RE:RE:Who's got the Most Geo's In the Field?
RE:RE:RE:RE:RE:RE:RE:Who's got the Most Geo's In the Field?wwadehammer wrote: It all depends on the upcoming resource estimate for JV property. If 10 million ounces, which would be huge IMO. Approximately 464 million shares out, so to be valued at $2.80 Canadian the after tax profit would have to be $1.3 billion. Artemis's would get 5 of the 10 million ounces. So dividing 5 million ounces into $1.3 billion gives $260 an ounce Canadian after tax profit. It could happen but 10 million ounces seems like a stretch for the 5 to 15 meter thickness of reef. I would guess maybe 2 million ounces which is still incredible. If QH thought there was 10 million ounces in the JV property, ES would have attempted a takeout by now IMO
I actually believe that ARV JV lands hold much much more than 10mil ounces. But they don't control it and they have nothing but expenses for the near future. Basically, they can't go indefinitely against the NVO/KL cash machine. So DL's best business option would be to have ARV absorbed at join the more sustainable team. That's my view of the situation. Tx