RE:RE:RE:The Lassonde CurveI too like GoldenI’s conservative approach.
Basement price napkin math:
- Let’s not assume we have enough data for 10M GEOs, because frankly this has not been stated anywhere. In actuality, Cynthia had stated they have not reached that amount. Let’s stick with the 5m as it basically the middle of the property of merit range (0.1 + 8.7 / 2 = 4.4m)
Therefore, we are already 50% of the $11.10 CAD/share = $5.55 CAD/share
- Tier 2 resource (which is the same, just worded differently, as GoGo’s statement of “cut it in half because that’s how it works”) AKA there is still ~3 years of work + massive financial investment to become an actual mine” + the fact that just because gold is now $2,600 compared to $1,500 in 2021 does not mean gold doubles in price (as many other variables to consider)
Therefore, we now take 50% of the above $5.55 CAD/share =
Sale price = $2.78/share
Relatively speaking, a
MASSIVE return for Cynthia which I’m sure she will (and I also will be) thrilled with.
Also, very much in line with our friend GoGo..funny how that works...