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27/04/23
11:18
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Originally posted by bernardshaw:
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Correct nilnil! The other thing to consider, that I am 100% sure of, is there is no risk of the Australian Government shutting this mine down; there is simply nothing to be gained by trying to close it down. All they would accomplish is to shoot themselves in the foot. Are they that stupid? Yes. Anyway, the risk has been removed because of the privatization. Dr. Gray can simply open an office in Hong Kong and carry on making money or sell it to the highest bidder, or, etc, etc. So, folks, don't be fooled by this perceived risk. Profitable mines usually sell for at least the combined value of the assets plus a year or three's profit. My estimate is the whole shebang is worth 3 to 6 cents.
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Agree. I'm going to hold and see what happens from here, no point selling at 0.6 cents, definitely worth more!