A great value recap nightfly! Just curious as to
Post# of 9903
Posted On: 04/29/2016 11:51:35 AM
A great value recap nightfly! Just curious as to how those numbers would be shown on the MSJ balance sheet. If the total current value of Cinco Minas and Gran Cabrera (not including the other owned mines) is about $4 bil, I would think the balance sheet worth would be in the $s even after using the 1.5 bil max shares.
4 bil/1.5 bil = $2.66 per share But even with a 50% discount for any unproven veins, it would still be well over $1 + all the other locations i.e., El Horconcito, etc.
I guess there are all kinds of ways to look at the value to a buyor but I like what I see given the price of gold is just about to breach 1300 maybe today.
4 bil/1.5 bil = $2.66 per share But even with a 50% discount for any unproven veins, it would still be well over $1 + all the other locations i.e., El Horconcito, etc.
I guess there are all kinds of ways to look at the value to a buyor but I like what I see given the price of gold is just about to breach 1300 maybe today.
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