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Yep, if we cashed out we'd have a negative EV and still...

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Just4kicks

4,408 Posts.

743

28/09/22

16:30

Post #: 63925009
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Originally posted by ANTON707: ↑

It seems uncle Tom picked a good timing to sell $GL1 shares nearly at the top of its valuation. With 24$M cash, BRB EV is 41$M.
From the 41M$ we need to take out another 10M$ in cash for Gl1 achieving Manna milestone and the 20% from Manna (how much?) so this is ridiculously cheap.
Noted Ullaring drilling still no news...

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Yep, if we cashed out we'd have a negative EV and still have cash! Love it.
Tom believes Ullarring holds at least similar value to Manna, he's playing the long game and no ones better at that, I'll give it him he has patience and nerves of steel haha sorry you gotta laugh hey, I like free gold.

BRB Price at posting: 20.0¢ Sentiment: Hold Disclosure: Held
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