Replies to post #4131 on Gold Resource Corp (GORO)

[Neverhadawinner]

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.