OTCQX:GTBAF - Post by User
Comment by
vestor111on May 17, 2020 12:40pm
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Post# 31039770
RE:Royalties
RE:RoyaltiesSeriously??? Make a guess. Your's will be just about as good as anyone else's without a formal resource estimate. From there, there is the time element to achieve the mining needed to generate the royalty on the sale of the gold. This is probably measured in years before first dime of royalty is generated unless the company does some bulk samples to help jump start the mine/royalty process. And then there is the issue of what will be the POG when these ozs are finally sold.
This is perhaps the truest assessment: Its value is more than zero and will very likely be worth more in the future as its value is better understood. :-)
One thing we do know there are only 1/4 of the GBR share OS. So ~12M shares or so.
If a mine ramps to say 200K oz per year and the POG is $2000 per oz with 2% off the top of $400M is $8M royalty against 12M shares.
Fire away...