OTCPK:CRZNF - Post by User
Comment by
bilarooon Mar 21, 2019 1:13pm
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Post# 29517987
RE:RE:RE:RE:buying at the lows
RE:RE:RE:RE:buying at the lowsI’d be happy with .38 too but feel we deserve much more.
The existing infrastructure has been valued at $150 million but worth nothing unless the mine is up and running.
The money spent as you say, is between $100-150 million and again, goes up in smoke unless the mine is up and running.
You can value all the “work” that has been done over the last 20+ years at whatever you want, but I’ll put a number to it. $150 million if the mine is up and running. $0 if it isn’t.
So there you have it. $1 a share give or take if the mine goes forward or nothing if it doesn’t.
Add the $300 million to build it and get it up and running and it’s worth $700 million.
From here on in, this is a momentum play. It “could” gain momentum and an increased share price if things go well. A lot of it has been derisked but there is still a tremendous amount of risk.
RCF owns 41%
Many of the key players own millions of shares.
They want to believe.
Any financial institution who puts up 60-70% of the $300 million needed must also believe.
You and I and countless other small investors want to believe.
The indigenous people want to believe.
The Govt of NWT wants to believe.
I’ve been in other plays where it’s worked out like Prodigy and Baffinland.
It could happen again.
I’m happy to be delusional for now.
It beats the alternative.
I’m already retired but life would be much better if my hunch is correct.
Good luck to all