OTCQX:GTBAF - Post by User
Comment by
curious924on Aug 16, 2019 2:58pm
188 Views
Post# 30037643
RE:RE:GRB Valuation
RE:RE:GRB Valuation
If $7 a share for 1 million oz, at 42 million shares (as of Aug. 7 per Great Bear website), that is putting a value on an oz. in the ground of $294. If fully diluted, 50.6 million shares, a value of $354 per oz.
Both are reasonable as the location is very good with infrastructure nearby. Chris keeps emphasiziing that the Newmont Goldcorp mine was one of the most profitable mines in the world for about 10 years.
If the price of gold rises, as is widely expected, that increases those figures, theoretically $1 per $1 increase in gold, assuming costs remain the same. At that rate, each $100 increase in the price of gold would equate to a $2 increase in that $7 share price. Maybe that is just theoretical, but nice to think it would happen.