OTCQX:GTBAF - Post by User
Comment by
Goaweighon Jan 22, 2020 9:43am
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Post# 30582478
RE:Getting too rich
RE:Getting too richIt may be too early for 15,000,000 Oz. but $ 20 is too low. If $ 20 was the going rate for Oz.'s currently trading at over $ 1500 We would be better off building a mine ourselves vs. selling the deposit.
Use $ 100 per Oz. and the market is giving us a value based on an estimated 4,000,000 Oz. which is probably about right.
Malartic is currently netting $ 560 per Oz. and they are mining material at around 1 gram so you tell us what a profit of $ 560 per Oz. is worth multiplied by 500,000 Oz. per year for 30 to 50 years. BSdetector2016 wrote: The share price has run up nicely for Great Bear but it may be time to talk about the realities of tonnes and grade. If you do a quick and dirty calculation at $20 USD per Inferred ounce the market cap translates into 15 million ounces. Is this realistic for this company?