Cash, inventory , PPE depreciated at cost less liabilities amount to $65 million US or about $80 million in CAD.$ ( $0.25 cad per share)
Exploration and Evalustin ( essentially ounces of gold in 43-101 ) is valued at $60 million US or about $75 million in cad ( $0.22 CAD per share )
Total net asset value is $155 million CAD which is about $0.47 CAD per share.
You May quibble about the E and E valuation , with arguments a bit above or a bit below , but it would be difficult to offer less than 40 cents in any going private offer for the company..
New flotation plant should be starting it`s dry runs in as little as 2 weeks . I really hope they make some effort to keep us updated . This is going to get pretty exciting . Along wait but maybe we`re finally going to catch a break . I think so . Inflation is wicked now . It will be good for gold . That`s for a different post . by Wayne
$In GOD We Trust - Real Money - AU Safety 6000yrs :-))
Cash, inventory , PPE depreciated at cost less liabilities amount to $65 million US or about $80 million in CAD.$ ( $0.25 cad per share)
Exploration and Evalustin ( essentially ounces of gold in 43-101 ) is valued at $60 million US or about $75 million in cad ( $0.22 CAD per share )
Total net asset value is $155 million CAD which is about $0.47 CAD per share.
You May quibble about the E and E valuation , with arguments a bit above or a bit below , but it would be difficult to offer less than 40 cents in any going private offer for the company..
Have a great holiday weekend Nozzpack
Peter Grandich: The Most Bullish Precious Metals Setup in my 38-Year Career
New flotation plant should be starting it`s dry runs in as little as 2 weeks . I really hope they make some effort to keep us updated . This is going to get pretty exciting . Along wait but maybe we`re finally going to catch a break . I think so . Inflation is wicked now . It will be good for gold . That`s for a different post . by Wayne
$In GOD We Trust - Real Money - AU Safety 6000yrs :-))