GSR 0.00% 1.1¢ greenstone resources limited

what the h is happening with this company, page-3

  1. 2,572 Posts.
    Rabs ... share ur frustration (although haven't been in it for 6 months).
    Even though resource is only 74K odd, they are producing @ around 3.5-4K per month @ a TOTAL cost of A$485 /oz, giving them a revenue stream of $1+m per month, giving an annual EPS of between 7.5 to 9 cps (excluding ongoing exploration costs)
    With 180m shares @ .22 this translates to a P/E of around 3, so not sure that the "highest cap" tag is as significant as the dwarf P/E ? + they shouldn't need to do any further dillution.
    In the latest BoardRoomRadio interview they suggest an increase in resource in the order of 200K oz over the next 6 months odd.
    "IF" they can deliver that, it will extend the mine life from 2 to 6 or 7+ years & with it a substantial re-rating that would be reflective of a P/E in line with indusrty norm & would see a $1-1.50 sp on current gold prices.
    Should POG go on an upward journey concurrent with such a resource increase, the sp of BAR could be a 10 bagger at least.
    Keep an eye on it & "don't get mad, get even"
 
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Currently unlisted public company.

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