Post by
rockingrooster on Oct 03, 2021 12:07pm
INVESTORS UNAWARE OF PHENOMENAL BENEFIT OF RED5 ACQUISITION
TVIRD GOLD RESERVE acquisition cost works out to about $29 usd per ounce,excellent deal considering the GLOBAL MEAN being around $ 83 usd ounce.
The 3.25% NSR has no risk since this is only paid on gold produced.
TVIRD ended up taking total gold reserves from 331,000 ounces to 985,000 ounces.
TVIRD continue to drill at Balabag and have many projects to explore.
Comment by
rockingrooster on Oct 03, 2021 5:12pm
Forgot to mention that the deal includes the fully operational SIANA gold mill ,probably worth at least 40 to 50+ Million
Comment by
willywonka on Oct 03, 2021 11:21pm
It is also time that they start to buy back shares.