GREY:RNKLF - Post by User
Post by
BillionaireBoyon Aug 31, 2019 3:29pm
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Post# 30086353
At .40 RNC Minerals is valued at $256 Million
At .40 RNC Minerals is valued at $256 Million with 640 million shares outstanding. For the massive dilution over the past year the company has obtained the Higginsville Plant and operations, their land holdings and has proven up to 1 million ounces of reserves around the Fathers Day vein and the Western Flanks. During this time period the price of Gold has moved up to over $1500 per ounce. With increasing commodity prices and a fall in the price of the US $ things are looking up. If the company can increase production from Baloo and Beta Hunt then everything may come together at the perfect time. I can see this company eventually being bought out for $1 Billion which is approximately $1.50 per share based on the current number of shares outstanding! GLTA RNC Longs.