RE:I think that if they are really lucky shiftyone - (3/4/2023 5:57:41 PM)
I think that if they are really lucky
They will get about $60-$70 million for Goldboro. They will never get $100 an oz when it is a $400 million dollar investment to get it into production. That is assuming they get all the permits.
If really lucky... $10 million for pointe rousse (unlikely.... probably $5 at the most)
So they will get about $75 million. But they owe over $20 million.
So $50 millon net after all legal expenses. That is only $0.25 a share.
I will be extremely surprised if they get a penny more than $0.40 a share now that they are no longer a producer.
That is just my opinion..
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why do you think the large investors are willing to sell at $0.30?