Market cap
posted on
Nov 22, 2012 03:19PM
GAX is down to a market cap of $ 0.6M (and that's likely fully diluted, because the 32M outstanding Warrants with exercise prices between $ 0.12 and 0.25 are not going to be exercised). ///
And GAX is still holding around 6.6M shares of RedOre Gold, which, at a deemed price of $ 0.10 a share, are representing our current market cap. ///
I wonder what would happen, when RXX starts trading soon and they hit it big with their 6-hole drill program in Nevada. ///
Those shares could represent a multiple of today's market cap of GAX. ///
FANTOMAS