GREY:GDPEF - Post by User
Post by
LeftBookon Feb 03, 2019 9:08pm
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Post# 29312943
Sprott’s 12.5c warrants
Sprott’s 12.5c warrants
Sprott 12.5c warrants could be in the money within a year.
7.3c book value
+ 6.9c earnings per year (see below)
= 14.2c
PEA
Pre-tax NPV,5% $121.1M
Mine Life 10 years
$12.1/175M = 6.9c/yr
That, of course, depends on ..
1) fresh cash above book value per share
2) an operational mine
3) on the market paying up for a growing book value.
Market price has been below book value since June 2018.