Golden Arrow Res Corp Severely Undervalued(GARWF) have structured a smart deal with Silver Standard to avoid dilution. They are already spending the money firing it up now, so this clause saved Arrow millions.
They will have to spent around $10 million.They have maybe $20 million cash now as are spending some money.If the $35 million mkt cap is correct, EV is $15 milion!! The best could verify over phone. They have so little debt not worth mentioning. Stock is silly low. The stock is worth $15 million total if you subtract the excess cash they have (Enterprise Value).
AND Post-tax Cash Flow $267M for next 8 years. x 25% = $67 million .So for for $15 million investment you get $67 million cashflow from Chinchillia maybe $15 million from Pirquitas stockpile, then 25% of all Pirquitas underground potential, and 25% of all Chinchillas future resource increases which should at least double reserves and over 50% of all Arrow lands (200,000 Hectares) with no investment (spinoff company with Arrow retaining over 50%No to mention what happens if the Silver price increases