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Neverhadawinner

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Neverhadawinner

Re: A Dinosaur post# 4131

Sunday, 02/07/2021 1:58:54 PM

Sunday, February 07, 2021 1:58:54 PM

Post# of 4378
Dear Dino,

Ok.....Let us look at GORO using same formula:

6,854 ounces of gold produced in 4th quarter 2020 plus 276,902 ounces of silver produced in 4th quarter. The silver equates to 4,000 ounces of gold at $1,800 per ounce: 276,902 times $26 per ounce silver divided by $1,800.

The total gold would be 10,854 ounces times $1,800 times 4 quarters divided by 72,000,000 shares. the answer is a stock price of $1.08 but the market price is $3.02.

I guess the market has high hopes for GORO. So I guess I underestimated Fortitude by a few dollars. But wait, Fortitude is not selling on the market and therefore has no market "markup".

By the way, what is you estimate of a opening PPS for Fortitude? A dollar?

Stay safe and well.
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