GRY gryphon minerals limited
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has anyone got any clue as to what is going on, page-8

  1. Alex999
    3,827 Posts.
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    13/05/12
    13:22
    Post #: 10168096
    FGSTR, the logic is correct. It's not about trying to imply a share price now. GRY still needs another $300m to produce, so you need to add that to GRY's market cap now (will have to come from dilution/debt or both) compare market cap with say NMG. About 4x valuation of NMG seems too high - watch the gap close over coming weeks/months, unless there's some big new news coming - both companies say they're due for big resource upgrades soon.
    GRY Price at posting: 73.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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