RE:dolfin meat is in trouble if this facts its truewallbridgemaven wrote: Newmarket was producing 220k ozs/yr at time it was taken over, it's no wonder they got the premium they did, they also had over 7 million ounces of gold. The two shouldn't even be discussed in same sentence, but giving benefit of doubt, I've used it as a comparable, and Wallbridge is still valued 50% higher than what was paid for Newmarket on an ounce basis, while Newmarket was in production at 220k ozs per year, and while it had 7 million ounces.
Even if we adjust for $200/oz higher gold price by providing a 20% premium to Wallbridge's valuation, Wallbridge's valuation still doesn't make sense at a 35% over-valuation as a non-producer vs. Newmarket Gold, let alone a non-200k oz producer, a non resource holder as they only have 40k ozs, and an inferior deposit, as Fenelon isn't even close to a Fosterville.
im am spichless
Glad to see your written English improve so much, finally...except for that last sentence of course.
I'm just spichless, too, that you can post all that drivel JUST AFTER having read all the reminders about Canada's #1 junior-explorer expert telling us we have a MINIMUM of 10,000,000 ounces in ONE SECTION of the property. AND, as he always tells us, "not all ounces are the same." Our ounces will be at a very low AISC, and with a very low capex to start pulling them.