GREY:SOHFD - Post by User
Comment by
Spikearoo1on Dec 05, 2018 5:00pm
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Post# 29071847
RE:RE:Re-processing of tailings at a later date and copper recover
RE:RE:Re-processing of tailings at a later date and copper recoverJust spoke to Glen today in IR. Tailings will be processed by the Glencore Albion process.
Samples have been sent to Austrialia and processing and engineering report turnaround time is 17 weeks, give or take. Sometime in the spring they should have a really clear idea how they are going to process the tailings. That being said, if they are able to capture 90% of the tailings of gold only, estimated at 300,000 ounces + @ $1,200 USD x 90% = 324 million US Dollars. Less expenses of course. That's only the gold. Silver, Copper, Lead, Zinc anyone? Plus all future production. I would think that would fund all future drilling, expansion and possible acquisitions.
That would suggest that this thing is materially undervalued.
Sitting at 40 cents today is a joke. Insiders have been buying as well. I bought some at 37 cents recently but if it dips below 40 again its going to be very tempting not to jump on this.
GLTA and JMO...