GREY:GATGF - Post by User
Post by
stargazer1on Jan 21, 2020 12:14am
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Post# 30576266
Company has cash for 6 moths of exploration
Company has cash for 6 moths of explorationSpending about $4.5 million/6 months and has $4.5 million in cash. 47.6 million shares, fully diluted, including warrants = 51.7 million shares. With drilling increasing, we might end up spending somewhat more than that.
The price of gold is climbing again, as well as the price of the stock. In 6 months we could well be at .50/share or higher. If the company raises money by selling shares, it can raise a year's worth of cash with a 20 million share offering. True, that will dilute us by 50%, but with the great drilling success they are having, and with the price of gold climbing, that should not hurt the stock price.
And eventually, we will be producing gold.