RE:RE:Never have I seen this before...Pure Gold ( PGM )
Gold :
Probable : 1,013,000
Indicated : 2,063,000
Inferred : 467,000
Total : 3,122,000
Market Cap $ 820,000,000 divided by 3,122,000 = $ 262.00 Per Oz.
Not undeveloped but not producing either.
No takeover offers because it will never be a tier one asset.
Now consider most analysts expect GBR to come up with 10,000,000 Oz. making it a tier one asset and the raising of the money required to build a mill being relatively easy we should eventually meet or exceed that $ 262.00 per Oz. valuation giving us a market cap of $ 2.6 Billion or $ 48 per share.
Malpeque2 wrote: RazorRamone777. You commented about other companies being valued at $200-300 per oz. in the ground. CT has made this comment.
1) I assume we are talking Canadian $$ currency?
2) Can you show me a few North American gold stock undeveloped being valued as such with market cap over $200M Can.? That would be a deposit of 1M oz of course.