OTCQX:BALMF - Post by User
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AlternativeViewon Feb 10, 2018 11:50am
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Post# 27538619
Interesting AStudy But Mostly Applicable To Low Grade
Interesting AStudy But Mostly Applicable To Low Grade https://goldgeologist.com/mercenary_musings/musing-150601-The-Real-Value-of-Gold-in-the-Ground.pdf You can run your own scenarios betyween $90 - $400 per ounce with your own estimate of the RE.
WIth 147M shares out and 80 cent USD exchange rate, low balling for worst case at $90 per ounce X maybe 1M ounces = .76 cents per share for Martiniere sale.
Best case of $400 per ounce on 3M ounces = $10.20 per share for Martiniere sale.
40 cent stock is a steal, anyway you look at it. And you get a piece of Grasset for free.