OTCQX:GTBAF - Post by User
Comment by
captainpoobyon Jan 15, 2020 7:16am
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Post# 30554390
RE:RE: RE:Revisiting share price potential
RE:RE: RE:Revisiting share price potentialMajors will pay somewhere between 45-200 an onunce, for gold in the ground. Depends on how easy it is to get out and refine. Christ Taylor has said GBR fits in the 100-200 dollar range. If you use $100 /oz to make it easy, every 10M is roughly $20 share price.
10M oz x 100 = 1B / 50M shares = $20
25M oz x 100 = 2.5B / 50M shares = $50
If you look at GBR it checks all the boxes for easy to get gold.
Near surface
high grades
close to infrastructure: roads, power, labor, mills, etc
friendly political environment: mine friendly government, no native treaties to deal with etc
all permissions permits etc
You’d be a fool not to sell near top dollar even for gold in the ground so say 150 bucks an ounce. Add 50% to my numbers above.
A question for Ivory: Are you really selling your house to buy GBR? Don’t get me wrong, I’m not flaming you, I’m just gauging the size of your balls. (not in a sexual way)