GREY:RNKLF - Post by User
Post by
BillionaireBoyon Oct 17, 2019 9:12pm
331 Views
Post# 30242390
An offer of $500 Million dollars
An offer of $500 Million dollars would place the value of RNC shares at 82.5 cents. If RNC can do 120,000 ounces of gold a year with an ASIC of $1000 then they would be making 60,000,000 per year at $1500 per ounce. With increasing numbers of Beta Hunt high value finds you would think that their are a number of companies that would be interested in taking a shot at RNC. This is especially so since they own the Higginsville Plant. Also the price of gold could go up to $2000 per ounce over the next few years which be a big multiplier for the share price once RNC reports increased production. This could end up being like Kirkland Lakes Fosterville Mine! GLTA RNC Longs.