GREY:GDPEF - Post by User
Comment by
LeftBookon Feb 19, 2019 6:41pm
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Post# 29385216
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Sale of Dufferin for 20 million?
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Sale of Dufferin for 20 million?
Bulk sampling was recently (cough) completed at Dufferin
from page 207 of the PEA
year 1
cash flow : $10,715,499 (post tax, post interest, etc)
$10.72M/175M = 6.1c/sh profit
adding back $3.55 of taxes from the tax loss credits
$10.72 + $3.55M = $14.27M
$14.27/175M shares = 8.2c/sh
The company does not have the $13.7M of cash to fund the operating costs.
Nor does not the ability to borrow that amount.
How much is Dufferin or the company worth for getting so close ?