RE:RE:RE:RE:Profitable, Substantial Net Cash, Trading at 60% BookSort of exepcted it also.
The stock price doubled over the course of 3 months or so which is pretty
shocking given how many shares traded below 20 cents over the years.
Like to think if gold hits hits 3K sometime few months people will hold onto thier
shares and we should move to forty to sixty cents per share which is long term
resitance.
Don't know much about the complexity of thier operations but it sounds like should
be able to do 10K oz of gold per quarter. They are among the few miners out
there that can do it for cash costs below $1,000US. Thats a huge cash margin and
they do have 44MUS in Canadian Tax Pools to help in a windfall situtaion.
10 percent of the shares will are dedicated to managment/employees in the
form od Restrited Share Units (and options) which will be expensed as they
vest or exercised?
Something to think about when we make it to $1 per share heaven someday which
I thinks is possible if the gold price stays high ans may be soon than most think
if the gold continues huger (with all other things in this world being roughly the same).
At a buck a share expect managment ans staff to have about a $25M CDN payday to look
forward too amongst themselve (which is pretty fair when they do to get us to $1 share.)
All companies have these perks - you can read up on how they are accounted for here.
https://www.proformative.com/questions/accounting-for-restricted-stock-units/