RE: Cerrado Gold webinar on December 8th 2020Thefinalsay wrote: https://www.redcloudfs.com/rcwebinar-cer/
Thanks for posting that. Very important that this Cerrado Gold deal gets done so that cmil.v can convert a non producing asset that's sitting and has liabilities on it, to an actual cash equivalent stock. Has anyone looked at their presentation? AISC of $900-$1100 an ounce, which is all in cost. So we would be doubling our money at the current gold price. 45,000 to 55,000 ounces of gold, lets use their bare minimum 45,000 ounces:
45,000 ounces X $1800 / 2 = $40.5 million USD profit.
The BBA.P shell currently has 46 million shares with a 5:1 rollback, giving it a price of $0.45, which I think is the range of the placement is at and the amount of $25 million. So this company will have around 60 million shares when trading and with a profit potential of $40.5 million USD, that's almost $1 per share earnings when you convert to CAD. GIve it a minimum 5 X multiple and you got a $2.50-$3 stock in 12 months. That would make Capella's position of 4.5 million shares larger than the current market cap alone.