Time to get back to basics
posted on
Aug 06, 2008 05:26AM
The company whose shareholders were better than its management
Everyone is entitled to their opinion
but when you guys bring up $8 $9 bids
what are you valuing the gold insitu at? $63.00? $83.00? when recent purchases have been in excess of $300?
......I'm not
are you using 13.7 mm oz? and giving away the south end of FDN, Bonza and anything under 2.3 g/t?
......I'm not
are you using 70% 80% discounts because of political fears that are ready to be cleared up with release of the mining law?
.......I'm not
are you giving away for free the future spinoff, dozens and dozens of gold and copper targets? many concessions?
......I'm not
are you so willing to give away something we've done DD on for 3 years and know the value of?.....
.......I'm not
$25.00 is a steal guys......wake up
it's costing these guys in excess of $400 an ounce to pull gold out of the ground for these guys, a lot of mines are less than 2.3 g/t in total, with total ounces in the 2-3 mm oz range....we have in excess of 20 mm oz.
these guys have worn away at you, knocking the price down, day after day after day, until you finally start to believe this is the market telling you something....
the only people telling you something are Barrick Newmont Goldcorp......"we want this so bad we'll do anything to get it"
these guys are professionals, we wouldn't expect anything less on the world's best find available....
I for one, will not be looking at anything less than $25, regardless of how much they have worn us down
give up on getting paid for this jewel of south america if you wish
I'M NOT
Sail on
safeharbour