OTCQX:ATBYF - Post by User
Post by
thebeek02on Jan 28, 2019 10:43pm
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Post# 29290675
dear cigarbutt
dear cigarbuttyou might want to do a rudimentary review of the last 2 annual financials before projecting your quarterly number/impression...
Meanwhile the big value here are the shares. If POG goes up to $1480 the royalty goes from $2.5 mil to ~ $3mil./yr. Those $37mil. in shares, meanwhile would triple. I give the $3mil. royalty income a 15:1 value or so, assuming future mine development keeps up with diminishing reserves?
If gzz came into 46% of a potential $150 mil. buyout, he'd be out buying the next speculation. That Is why gzz ain't worth much.
There are of course many alternatives to invest that royalty $2.5 mil. which the board ought to be considering, aside from minimal buybacks, and playing spreads... All these recent royalty interest purchases are right on trend But years and years out on development,
Ian loves history, maybe explaining his legacy focus.