RE:RE:End Game...?eatmorefiber2 wrote: You wouldn't want to venture a guess, but you did and it's FUDdy.
You also don't factor in the high possibility of finding another Valley at Aurelius, Jupiter, Gracie, etc.
Multiple RIRGs means multiples of the current market cap.
I always said GBR sold for too low because the gold price was bound to go higher, and I was right. Another factor you don't consider is POG at $4000 when SNOW gets bought out. $3 billion is MINIMUM valuation.
See you at $3 billion+ this year.
A company that can't mine it's own discoveries is only worth what another entity is willing to pay for it. If more discoveries are made, you don't get those ounces free of charge - it can add substantially to the initial capex, especially if they are quite a distance away from where the mine and mill will be built. This is wilderness territory after all.
Currently:
147M shares outstanding
169M fully diluted
22M (15%) outstanding options and warrants exercisable at strike prices ranging from $0.30 to $5.38. That's called significant existing shareholder dilution.
POG is already currently at an all-time high of $2,400. Be sure to let us know when it hits $4,000.
$3B by year end is another fantasy. Be sure to check in at year end and tell us why you were wrong.