turning point, page-52

I can understand why they might be unhappy because they wanted a bigger slice of the pie.

Platinum spot price is now $1870/ounce and rising.
Company wants to mine 1 million ounces per year once in full production and we have at least 100 million ounces in the ground, although some of it may be simply to hard to get to. In any event, assuming it costs $670 to get an ounce out of the ground we would be looking at a net profit of $1200 per ounce at current prices.That's an anuual profit of 1.2 billion !!!!!!!!!!!!!!!
Yes, set-up costs may be in the order of 1-2 billion, but you get your money back in 1-3 years and you are laughing for the next 30 years.
That's why $2 per share is quite cheap and I doubt Genorah would sell out at those prices.