Re - 477% IRR
ive said this before - in terms of IRR's generally, this is purely galactic
This is not just a big number on its own - it translates to an incredibly short payback period of less than 6 months as compared to G6M which has just blown out to 5.5 YEARS
And why do we invest in the first place ?
To make money, capital gain AND dividend
With a miniscule payback period less than 6 mths, we can expect talk of dividends to be on the table much sooner than G6M shareholders
Thats not to say this will happen, because it may play out to be a better option to "reinvest" retained earnings into a share buy back or, more likely, the much talked about on going drill program to prove up more resource
Either way, I dont care....I'm just very happy that this extremely well managed company is now turning a profit on the back of such a small capital outlay
Re - 477% IRRive said this before - in terms of IRR's generally,...
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