GREY:RNKLF - Post by User
Post by
Happyguy10on Nov 11, 2018 9:47am
342 Views
Post# 28956516
News release Q3
News release Q3What we know....23000 ounce sold in the 3rd quarter....15 million debt paid and the rest for operations....debt free mine with lots more gold in there....dumont project worth around 40 cents a share now with a chance to to jump to 2 dollars a share....we also have other assets....The price on monday will be how much the share holders appreciate a balance sheet....no surprise there....There are 2 things here next quarter will be better and that big slab of gold.....whats is the value of that slab?
Lets see if we be conservative and say that slab is 400kg...and its 40 percent gold ..so thats 160 kg of gold roughly 160 x 39000= 6 million dollars...and add a couple of million for selling it...
So tomorrow we will see just 3rd quarter results...The drilling is on its way we have not hit the jackpot yet but there is alot of positive here ...The mine will make money for the next couple of years even at just 3g a ton....One more thing if they hit another hole this stock is going to rock....
happyguy