RE:RE:RE:RE:2024Finally someone making some sense . Should be $69 an ounce based on averages . Pretty cheap gold
------
Be careful you don't confuse a producing mine with an exploration mine that takes hundreds of millions to get up and running.
And Suppose they get $69 an ounce. For the open pit portion. $69 times 1.1 million is about $70 million. The underground is worth next to nothing. $ Maybe $10 million. So $70 million. Subtract $30 million for debt. That is $40 million for shareholders. 250 million shares out. That is about .16 a share. Subtract costs for the transaction, severance, etc. It is down to about .15 a share.