GW1 6.00% 5.3¢ greenwing resources ltd

Ann: Bass Commences $1.7M Gold Processing Feasibi, page-10

  1. 3,159 Posts.
    re: Ann: Bass Commences $1.7M Gold Processing... "I estimated a figure around $400m in less time,so I think it is possible."

    Without Bassy finding their elephant, and I mean a serious elephant, there is no way in heck they will reach a market Cap of $400M.

    And I'm not saying their isn't good upside in the business, or even a small chance of blue sky, but I just think they are making a lot of very big assumptions in their own valuation.

    It's like someone sitting down, balancing their books, throwing in a "potential" $20M Power Ball win, and saying here is my net worth.
 
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