Post by
7Twiggy on Nov 05, 2020 3:05pm
3.1 million gain - Food for thought
Gran Columbia produced 58,454 ounces of gold last month. Gold is up $53.10 as we speak.
58,454 x $53.10. That is a gain of $3,103,907.40 on last month's production alone. This months production should be the same or above as well as the next and the next and the next.
Comment by
7Twiggy on Nov 05, 2020 3:28pm
To really put it in perspective, that is $37 million on a one day gold gain for a stock with only 60 milion shares.
Comment by
gottschlich on Nov 05, 2020 3:41pm
Hi 7Twiggy, Please check and eventually change „month“ into „quarter“ and divide all derived projection numbers by 3. Maybe you accidentally assumed the production result as being monthly - but it is quarterly. Maybe it could be „monthly“ in 3 to 5 years... :) Cheers! Gotti
Comment by
7Twiggy on Nov 05, 2020 6:04pm
Your right, I guess I got a little exuberant. Still a one million dollar gain nothing to sneeze at. Looks like this kite has finally got the wind back in its sails.
Comment by
7Twiggy on Nov 05, 2020 6:07pm
Was using months instead of quarters. On annual basis with todays rise in gold prices, this would work out to around a 9 million gain. Still not too shaby.