RE:over on ceo..ca theadSIdebet, $3/share?
Lets see, Metanor and BTR combined was valued at $3.60/share with 40 million shares = $144 million. At the time of the merger Metanor was mining the Bachelor Lake deposits. Now Bachelor Lake is underwater as is Moroy. All brilling operatins have been haulted at Gladiator, Barry open pit, and underground. The lab is shut down and they are drilling 10 shallow holes at the 70/30 JV, anf the mill yard is being leased to th eelectric company.
Now there are 135 million shares and if you add in your sale price of $3/share it comes to $405 million.
Is that $3/share before ar after this upcoming PP. That is if they can get someone to invest in this company. Speakin of that, what ever happened to Wexford was going to fund everything to production. It certainly doesn't look like Wexford is stepping up to the plate on that one.
So your saying the company is worth a little over 3 times the value of what it was when it was mining for a loss? You're dreaming.
As far as mill permitting goes, The company spent 3 years trying to permit the 2400 TPD mill expansion. You said the permitting for the 1800 TPD mill will be permitted soon. Care to elaborate? I've heard soon from you to many times and none of then have ever occured.