Post by
goldensail on Apr 26, 2022 2:45pm
it is worh $2.65 if buy out?
indicated resource 220,000 ounces x $1700 per ounce / 141M outstanding shares = $2.65/share?
Comment by
Ripple on Apr 27, 2022 2:46pm
Sorry I'm pretty sure your figures are out a bit. Gold in the ground is not worth 1700 it's maybe 200 per ounce if it's a mineable amount depending on where it is. I do agree that Gtwo will be worth more than the 2.50 per share but there's more work to do. Stay with Gtwo you won't be disappointed but it could take a year or two.