GREY:RNKLF - Post by User
Comment by
Geodan2on Sep 24, 2018 11:23am
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Post# 28677251
RE:RE:Richest Gold Deposit Ever Found, They Have Been Sandbagging
RE:RE:Richest Gold Deposit Ever Found, They Have Been SandbaggingFair enough Tom, and I do think on a value basis RNKLF is worth in billions now, and I am a deep value investor.
Compare it to steady Eddie AUY (Yamana Gold) that is not even making a profit now and has multibillion mkt cap.
Today RNKLF is about 1 PE runrate, whu not a typical 12 PE for it? That would be $10. From what we know today they should be gushing profits. Today RNKLF has about $350 mkt cap. And it is likley making about $30 million net profit a month as they ramp up production on new geologic model for high grade gold, or $360 million per year., a 10 PE = $3.6 billion.
The market has never been able to digest how big this news is, but it is starting to catch up to the news.
BTW the big nugget could go for $25 million by itself, it is the biggest ever found.
The key is this, just because a stock has gone up 10 times in two weeks does not mean it is overvalued (and RNKLF has done that). AAPL went up 10 times, then 160 times, and it was worth it. Even today AAPL is a value stock.
Cheers