Post by
NineLives on Nov 25, 2019 3:48pm
Here's something to think about
SSR can get 80% of that property by spending $4 million on exploration and paying cash to TGC of $3.3 million. TGC has some real decent properties on top of Fisher. The current market cap of TGC is $5 million......What would you do ???
Comment by
Thedude12 on Nov 28, 2019 2:33am
It seems like a sure thing that SSR will complete the deal as planned, so the real question is, how much do we think that remaining 20% is worth? The current market cap is pretty much saying that it's worth 5M - 3.3M = 1.8M. That seems pretty low, especially after the 4M in exploration is complete.