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specgoldbug

13,113 Posts.

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06/01/16

10:41

Post #: 16737466
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Originally posted by minoil ↑

spec, i think you'll find its a royalty deal, so, could be hard to pin down a P/E..........a nice safe way of mining i reckon!.......no mining risk, no capital outlay, cheques come in to pay the light bill while you hunt around for other deals.........
not sure what the royalty deal was, will have to rummage around and find out

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Agree Minoil, You know with this management team, the targets they calculate have a history of being exceeded. And that particular target is 50-100,000oz Annually. That's a very decent mining operation by all accounts. Interesting with the website though Minoil?

BAR Price at posting: 1.2¢ Sentiment: Buy Disclosure: Held
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BAR Interesting..., page-7

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