RE:RE:RE:RE:Earnings of the majors have doubled since last year and are
goldman88 wrote: 5 bagger ? gotta start looking for my cottage
Only my gut feeling. GBR is currently valued at just over $825M CAD. It is now called tier 1 by CT, and I doubt he'd say anything like that unless fully confident.
Now look at what Hemlo was sold for: 4B. That is approx 5x the value of GBR as I write.
And we all know this, but I just recap: Near roads, near infrastructure, in a mining jurisdiction, open pit potential, high grades... Yeah. I'd say 5x is reasonable.
Not to mention... Gold is over $2000 USD. It was not back then, I guarantee you.
4B CAD? 5-bagger? Perhaps that would turn out to be a low ball offer. We will most likely know in 12 months.
And I still want to see drills put into the north fault. Looking at the charts, and taking the one hole into consideration that has been drilled into the north fault so far, nothing says there could not be that the mineralized zone is actually twice as wide, compared to what is shown on the maps right now. A couple of drill holes in the north fault, with hits, could bring the value of GBR up to blue sky territory.
Then add a couple of good ones deeper than 500 meters, and we could all become early retirees, and that is if you start investing in GBR at today's share price.
I am looking at a small cottage in Greece...