RE:RE:Oups New low...0,15$"Someone will scoop this property for "nothing" ($0.50!??!...)"
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no way they will get .50. with the shares outstanding and the debt, that is over $150 million.
The problem is that it is going to cost about $400 million to get it up and running. So that is a $550 million dollar commitment.
I only count the open pit ounces. The underground mining is a dream that is way too expensive.
so is anyone willing to take on this project and commit that much money to 1.4 million ounces?
They are trying and have to show that there could be much more. Otherwise, getting any buyer will be difficult. Maybe a penny stock that wants to hype it, but they do not have $150 million to buy it as is.
On the other hand, there are companies with similar deposits that have a market cap of hundreds and hundreds of million dollars. why doesn't sgnl?