GREY:NEVDQ - Post by User
Post by
nofluffon Dec 06, 2021 2:37pm
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Post# 34203204
Recent warrant math
Recent warrant mathSo the new warrants cost 0. Two gets you a share for a cad dollar for the next year or two.
So lets say mill up to 5000 tpd by next Aug. So lets say 150 million 12 month forward eps plus op and satelite advance.
So sp 3.00 cad. Almost a given, I believe. So u pay .77 cad for 10 million shares. 7 million 700 dollars cost. You sell them all at .60 cad for a loss of
1.7 million. You write that off against a winner and bring your loss down to
1.4 million. So your warrants now cost you .30 cad. You sell 5 million warrant shares for 2.50 cents for 6 million profit. That is a 4 bagger in one year.
In the mean time you have 6.3 million for more investing.
nf