fruit just does not understand accounting or investing
Readers, it is so clear by Fruits post he just does not know much about investing or accounting. The number he speaks of is the depreciated value that remains on the books ..not the intrinsic value of the asset. The infrastructure of Bachelor is all of 200 million. After all all you need to do is see what the OSK mill and infrastructure is going to cost ..that is ..over a BILLION DOLLARS ..so Fruit is trying to tell us that the gold bars are worth more coming from a new mill over an old mill ? ..hummm ? ..reminds me of the old question that used to trick the Fruits of the world ..that is ..what weighs more ? a pound of gold or a pound of feathers ..? .. or I guess Fruit could say What weighs more a pound of gold or the 7 fish I caught in the creek the other day, that weighs a pound. Readers, you know...hahaha ...good grief ..this deal is geting done and its gunna be a monster ..