GREY:BNKPF - Post by User
Comment by
Carbonbullon Oct 29, 2019 3:00pm
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Post# 30282961
RE:RE:RE:RE:explains why no inside buying
RE:RE:RE:RE:explains why no inside buyingmy point on the float is there are interested shareholders accumulating myself included that reduces "so called public float" ie shares are not for sale until a takeout . right now i beleive that number to be less the 150 m .
as to valuation of this property in a healthy junior market EV would be at least 150 million usd in this lack of interest market i beleive EV to be about 100 million usd , which gives 70 million usd to equity value , or just about 100 million canadian which suggests give or take 40 cents in value. roghly 100 percent of pdp and 25 percent of puds on a forward strip basis , plenty of room for the next well capitalized owner to triple their investment if strip satys consistent , 10 bagger if strip escalates