Welcome To The Gold Reserve HUB On AGORACOM

Edit this title from the Fast Facts Section

Free
Message: Permits?

Re: Permits?

in response to by
posted on May 01, 2008 07:49AM

Yes Edgy, same Vet...

It is also apparent that GRZ is now trading well below its cash in the bank value and even further below the total value if you add in the equipment already bought and paid for plus the SAG mills and assorted equipment which has been being built for almost a year now.

It's pretty easy to make a case for $2.80 a share even if you consider that there is no value at all in Brisas and Choco.

A major could do a quick hostile bid here and get the cash, the equipment and make a profit. They would have the rights to Choco and Brisas and could then demand compensation or just keep them on ice for virtually zero cost until things improve for miners in Venezuela.

Share
New Message
Please login to post a reply