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Spanish Mountain Gold Ltd V.SPA

Alternate Symbol(s):  SPAZF

Metals & Mining Gold
Spanish Mountain Gold Ltd. is a Canada-based exploration-stage resource company. engaged The Company is engaged in the acquisition, exploration and development of mineral properties. The Company is focused on advancing its 100%-owned Spanish Mountain Gold Project in southern central British Columbia. The Spanish Mountain gold project is located about six kilometers from the village of Likely, in the Cariboo region of central British Columbia, approximately 70 kilometers north-east of the city of Williams Lake. The Company does not generate any revenue. The Company's wholly owned subsidiary is Wildrose Resources Ltd. (Wildrose).


TSXV:SPA - Post by User

Spanish Mountain Gold Ltd
Bullboard Posts
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(4)
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Comment by hornetson Feb 06, 2019 1:10pm
72 Views
Post# 29327063

RE:RE:RE:RE:RE:RE:RE:Stone Cold

RE:RE:RE:RE:RE:RE:RE:Stone ColdMack and Heywood, assuming all of the options/warrants are converted, at a $1/share the buyout would be  $260M plus the CAPEX of $500m and sustaining CAPEX of over $100 all for a post tax of less than $500M so your $1/share only happens at gold greater than $1700... 

I say sell the asset for $50M or .20/share an easier sell and more realistic.

Phoenix is not economic...
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities