Galway Resources Ltd V.GWY

Question?

[Dansul]

 

Let say we have 2MO just for CALI (It was estimated 1.1mo 5 month ago...

 

 

 

Sell it for a fraction of $200 to $400 per ounce? or

 

Build the mine production that can cost us less than $500 per ounce and produce income of over $1.5B.

 

What do you think? any opinion on that?

 

 

Dan

[SchiffKnowsBest]

Hey Dan,   I think they leave the decision strictly to the numbers.  If they can't get at least $200/ounce (roughly $2.15/share based on my estimate of 1.5mm inferred ounces) then no deal.  They own 80% of the California property, but also own a nice little piece of land in Eike's claim, and of course gold is 20% higher than when Ventana did their deal.  Ventana

[Dansul]

Thanks Schiff, also I posed that question to my TD Broker, he said do not be surprised if you know that GWY works for Batista and not for the share holder.     Dan