GREY:GDPEF - Post by User
Comment by
LeftBookon Jun 27, 2019 9:40am
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Post# 29869191
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:****RCG SOLD FOR A BARGAIN**** $1438 gold ******
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:****RCG SOLD FOR A BARGAIN**** $1438 gold ****** therager,
Good insight and excellent question after reading the Dufferin PEA.
It could tip either way. Close enough if they plan to do things en-passant. Or not shovel ready.
A discount is warranted but how much ?
Hunter Capital desrisked the project by 25%.
https://gallery.mailchimp.com/4bd4e4f1499417a7a0bac5363/files/3c2e4df4-83df-4745-a5e3-6a3af22c48be/RCG_HCA_20170303.pdf There is opinion that ES does not like own more than 20% stake in a company.
RCG never had the cash to develop Dufferin.
They have fully leveraged the tax credits to get as far as they did.