OTCQX:GTBAF - Post by User
Comment by
Fredo51545on Apr 06, 2021 11:38am
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Post# 32941625
RE:RE:RE:GBRR.V
RE:RE:RE:GBRR.VA royalty interest is only worth 2x the working interest at current gold price. Assume a cash cost of $850/oz and royalty cash flow is $1700/oz versus $850/oz to the working interest, 2x more.. If true, GBRR is implying a vale for GBR of $25-30 US. Ergo, the stock is much cheaper than the royalty.
Dissenting opinions welcome.