GREY:GDPEF - Post by User
Comment by
LeftBookon Jun 15, 2019 9:28am
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Post# 29828709
RE:RE:Lockdown: RCG DELAY
RE:RE:Lockdown: RCG DELAY
>All 3 properties will have at least a million ounces.
Let's say there is the potential of being 3Moz properties, and
we know about 700,000 so far.
That leaves 2.3Moz out there. Somewhere.
Let's say that 2.3Mz is not on the balance sheet.
Let's say it is worth $1.5/oz or $3.45M.
Let's say the company develops it to the same level as Goldboro when OREX merged with ANX. So, $15/oz or $34.5M
That nicely offsets the current liabilities.
But for now those yet undiscovered 2.3M ounces are worth $3.45M or 2.0c/sh
The market sold them for half that.