1 million shares would be 18%+/- of the O/S, or about 24% of the float.
I think it would be difficult to find that many shares available on the street right now. Even if you could find that many shares, a 1MM share buy would drive the price up VERY fast.
This stock has a potential for triple digits in the long hold. It would probably split before then.
When running at full capacity, the POW mill has the capability of 750 tons per day.
We have preliminary figures that put the ore from the Brooklyn mine at 1.3 oz per ton. That is 975 oz of gold per day.
Let's be conservative and say gold is at $1300 after expenses of recovery. That puts the mill at over $1.2 million per day!!
Round that to $1 million for overhead and debt.
5 days per week times $1MM per day and you have about $1 per share PER WEEK!! That is $260 per share per year.
And that is ONLY THE GOLD!!!
With the Copper, SILVER, & Zinc, it will only add to the total.
Now again, that is only ONE MINE!!! (We have leases on a few more.)
A buck a share is not even chicken feed, it is chicken droppings!!
Long term, 1 year or more, this stock has astronomical potential.
Buy and hold. You will be happy you did.
All the info I used in my calculations is available on the ColoGold web page. Check it out.
GLTYA!
$CGFID
Don't take my word for it, Do your own research! Then you will know it's true!
