glad to see there are some HC people out there who are keen to make a buck.... buying GIR is not a stupid thing IMO
we all know that AGS is capped at $500m
An equivalent market cap for GIR would bring it to about $3.30
I would be surprised to see GIR hit the grades that AGS has, however, we do know that they are hitting economic uranium (> 0.03%) which is ameneable to in-situ leaching ISL.
Heathgate will look to take their stake, as it is a cheaper investment now, rather than for them to wait for more drilling to come out...
my first price target of $1.04 got hit today, and my next target of $1.43 is just around the corner...
note, that this does not take into account the money that will be made from Zinc Co, which will surely return 100%....
can't wait to see the next announcement from HEathgate
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- GIR
- announcement first week of feb likely
announcement first week of feb likely, page-5
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