Post by
drunk@noon on Mar 17, 2024 8:49am
Far far cheaper to buy back half their shares once Marmato
is up and running, than spending tice the amount and at higher risk to bring Guyana online.
i.e you buy back half your shares and it is like going from 500.000 oz a year to 1 million oz a year on a per share basis. And you are not chewing up reserves to do it. ROI is much hiigher and risk is a lot lower, IF YOU DO NOT UNDERSTAND THIS YOU SHOULD NOT BE INVESTING! You double your intrinsic value per share, Then down the road if gold price is firmly above 2000 oz sure go ahead and expand some more. But then the incrmental production brought on are