OTCQX:GTBAF - Post by User
Comment by
Yoda1955on Apr 06, 2021 7:46pm
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Post# 32946610
RE:RE:2% royalty
RE:RE:2% royaltyHate to disagree with you Lumpy.
Let's say GBR has ten million ounces then GBRR's 2% royalty is equivalent to 200,000 ounces which at US$1800 per ounce is worth $360 million or about $12 per GBRR share. But, please note my calculation does not include the time value of money which is an extremely important component of the equation especially given the fact the Dixie mine may not commenece production within the next ten years.
I currently think $3.49 per GBRR share is way on the high side.
I am a buyer at $1.50 or less.