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Post# of 71937
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brightguy

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brightguy

Re: Rhinegold post# 47952

Friday, 08/22/2014 2:04:26 PM

Friday, August 22, 2014 2:04:26 PM

Post# of 71937
That $11.6 billion figure is bogus for 2 important reasons!
1. That was based on precious metal prices 3 years ago,when gold was at $1667/oz
2. More importantly that doesn't factor in the enormous costs in mining those minerals.You make it sound like that $11.6 is all profit!! ,! WRONG!!
That's why this IPO is dead on arrival!!
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