OTCQX:GTBAF - Post by User
Comment by
Canuck11on Dec 10, 2019 12:24am
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Post# 30438319
RE:RE:RE:RE:RE:RE:RE:RE:Here's the thinking on GBR 2.0
RE:RE:RE:RE:RE:RE:RE:RE:Here's the thinking on GBR 2.0 I went through the calculation myself a couple of weeks ago, but i used $1500 gold and the industry average of $900 production cost because we have gold close to surface (your lower profit margin I'm assuming is the Red Lake mine production at 2500 m depth).
So for every 100,000 oz mined, we see a profit of $600/oz or $60M total
$60M * 2% NSR / 50 M shares o/s yields 0.024 per share or $240 on 10K shares. So your 500K produced oz would be closing in on $1K. Of course we both know what happens when we assume!
Bottom line, those that got in under a $ and bought tens of K of shares, stand to do well.