A drop to below $2 would leave us with a market cap of approx 700million. Minus say 400mill cash that we will have in the bank leaves us with 300million spread amongst an operating mine, and 2 further sites, one which sold the northern part for 280US.
That's insane. Possible sure. But insane.
That leaves us with a smaller market cap equivalent of KDR or AJM. And we are debt free..
Go figure.
I topped up today and will jump on this like a fat kid on cake if this gets anywhere near $2.
GXY Price at posting:
$2.20 Sentiment: Buy Disclosure: Held
