Everyone speculates on the upside -where this coul
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Posted On: 08/11/2019 2:54:46 PM
Everyone speculates on the upside -where this could lead. For years the mantra was "buck a share" but the missteps, the over-hyped story and mainly the dilution have pared that number down to "cents on the dollar". The big unknown is just how much gold the Santa Elena claims hold. That is truly unknown as there has not been 1/10 enough drilling to know that the property will ever see a major low-yield open pit mine akin to Noche. Long term that's where the mine life and money will come from - lower grade but abundant ore. I don't know that we have it. Do you?
Easier to talk about higher graded veins where there is some assay data. So dilution and resource have been and will be the issues as to market cap and share price.
That former 'buck a share" in my mind is down to about 20 cents a share - just too darned many shares outstanding. But then I don't actually know. Badger - sounds like your "much higher": is higher than mine.
Easier to talk about higher graded veins where there is some assay data. So dilution and resource have been and will be the issues as to market cap and share price.
That former 'buck a share" in my mind is down to about 20 cents a share - just too darned many shares outstanding. But then I don't actually know. Badger - sounds like your "much higher": is higher than mine.
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