GREY:RVRCF - Post by User
Post by
factRbeston Jun 22, 2018 2:18pm
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Post# 28214752
Simple math as I see it
Simple math as I see itI would be happy to review anyone elses math.
704,000 ounces of gold
540,000,000 shares
704,000/540,000,000=.001304/share (rounded up)
1 ounce of gold = $1270.00
1270X.001304=$1.656/share (Gross metal value gold)
ASIC cost est. $700.00 (probably a low number)
(1270-700)X.001304=$0.7433/share
This does not consider any construct costs; debt and further dilution.
Or any further paper printing.
I use fully diluted even though most warrants and options are out of the money because helicopter has demonstrated time and time again that he will replace dead options and warrants with paper by way of new financing.
So if I needed an explanation as to why the shares have dropped more than 60% while the property is getting better. The above I believe is the reason.