Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Greencastle Resources Ltd V.VGN

Alternate Symbol(s):  GRSFF

Energy Oil & Gas E&P
Greencastle Resources Ltd. is a diversified company. It has interests in gold and base metals exploration and oil and gas exploration and royalties. It also has strategic investments in other companies. Its segments include investments in private and public companies, oil and gas interests, and mining interests. Its investment segment comprises its investment in marketable securities and investment in private and public companies. The oil and gas segment is comprised of its oil and gas interests. The mining segment is comprised of its mining interests in Canada and in the United States of America. It has a royalty interest in one oil and gas property in Alberta. It holds royalty interests in wells located in the Spirit River area, north-west Alberta, and the Primate area in Saskatchewan. It also holds interest in the Jewel Ridge property lease. It holds a 50% interest in a 95% interest held by Criterium Energy in a quarter section of land in Alberta, called the Ferrier Project.


TSXV:VGN - Post by User

Greencastle Resources Ltd > Future
<< Previous
 Bullboard Posts
Next >>
User Avatar Image
(91)
•••
Comment by RockLobster1on Feb 26, 2021 3:21am
233 Views
Post# 32668565

RE:Future

RE:Future
granniegrant wrote: VGN has 10.7M shares in Farm and has (or will have) 3 to 5M in Golden.  Last balance sheet showed over 2M in cash and marketable securities.  Plus, another potential gold property.  The float is around 40M shares.  I would think that net book value should easily be in excess of $.30 per share. That estimate is before any future increase in the investments in Farm and Golden!  Good look everyone!  I’m still loooong!


So as a formula for NAV on marketable securities and cash...

FARM - 10.7m  x 0.81 = 8.6m
GLM - 3m x  0.65 = 2.0 m
add $2m in cash... or maybe less now...
 
total 12.6 m ./ 40m shares = 0.315 per share

of course then the calues of properties... if that's not accurate let me know, thanks
<< Previous
 Bullboard Posts
Next >>
Dealroom for high-potential pre-IPO opportunities