GREY:GDPEF - Post by User
Comment by
LeftBookon May 29, 2019 12:43am
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Post# 29780608
RE:Reread my last post - hypothetical
RE:Reread my last post - hypothetical
Wango,
Damian and I both had similar top end values for RCG north of $50M, hence 20c.
McBain probably thought that was over the top.
Dec 2018 value
31M assets
- 18M liabilities
13M book
add 20M of tax credits to the value of the assets
51M assets
- 18M liabilities
33M book
33M/175M = 21c
Other factors
Tangier+Forest Hill are worth $5000 at $10/oz so more than $1.2M they carried on the books
SISP will decrease the assets by $2.2M
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Osprey is much smaller at $3M of assets. It has very low debt.