GREY:RNKLF - Post by User
Comment by
Holdrrrron Sep 24, 2018 1:07am
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Post# 28675235
RE:#1 thing to realize
RE:#1 thing to realizeNEWBIEVESTOR wrote: This is already a producing mine. Many many mining companies hit really good high grade holes, but then they have to dilute to continue exploring. If they don’t hit more holes you lose a lot of money. If they get lucky then they need to do a PFS, FS, etc etc and it takes years and tons of investment to build a mine.
THIS IS ALREADY A MINE. If they choose to spend a few million of their new cash drilling holes and they hit another deposit then they can go mine it within weeks with minimal investment. The potential here is astounding.
Its simple. The mine alone probably cost 300 million. The company is valued for less and they are pulling out pure gold giant boulders. These boulders will fetch a premium much higher than their gold spot price. Hardly any processing of the material is needed. Plus you get a nickel mine. Lmfao. This thing is worth 2 bucks right now. After the next boulders this biatch gonna run faster than 'Wil. E. Coyote' on steroids.