GREY:GMFLF - Post by User
Comment by
logical1234on Oct 19, 2005 7:37pm
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Post# 9736975
RE: reserves
RE: reserves"Gotta have reserves" ...
Ideally, that is so. But the company might have to spend $3M to do the drilling -- that is $3M that could go to the profit line = 10 cents per share.
Wouldn't it be nice to have 10 cents per share profit showing up on a 6-month financial report?
Rather than drilling reserves, the alternative is to show earnings of 5 cents per share per quarter, and that should move the stock.
Maybe with a bit drilling to show the number of veins and their grades to show the future prospects.
We gotta have production.