Post by
ALLEN4 on Jul 18, 2013 1:28pm
We need to transition to producer
even on a smaller scale. I read somewhere that the average value per ounce of gold for an explorer is between 10 dollars and 20 dollars but the average value placed by the market on a producer is $300.00. $300.00 times 5 million divided by the 155 million shares - you do the math - a bit of a fantasy right now. Some discount from that for dilution for financing, and hangover for instability in West Africa casting a shadow over Burkina Faso, but could still take us to a level exceeding former highs. We need a better market of course, but for our company, transitioning to a producer would be dramatic. I hope there are going to be some real plans to do that on a smaller scale. The original full scale operation was going to be commencing in early 2015. Maybe a smaller scale operation can still meet that time frame or sooner.
Comment by
explorer14 on Jul 18, 2013 3:20pm
Hey Bp you should send this to Kevin B.
Comment by
Bpultra on Jul 18, 2013 3:49pm
lets hope he sells some copper instead of diluting!!
Comment by
gold_diggers1 on Jul 18, 2013 7:01pm
We need a better market and much improved sentiment in the gold sector to move VTR back to $1.00...... Producer is another catalyst to move VTR past $2.00 again.....
.
Who predicted that POG will be back to $1900/oz by end of August?? Is he dreaming?
.
GLTA