GTM greentech minerals ltd - tba

gtm-go you good thing, page-3

Currently unlisted. Proposed listing date: TBA
  1. 2,126 Posts.
    A very rough calculation, based on their Sept quarter report -
    421 m shares + 160 m options (10c); fully diluted 580 m.
    Expect 38000 oz per year for GTM share.
    Cash cost $250; total cost $350? (guess); profit about $200+/oz.
    Return about 1.5c per share. Value 11c would be a PE of about 7 or 8, quite reasonable.
    But note debt of $9m will need to be repaid; thus possibly no returns to shareholders for a while.
    A lot depends on the mine life. Currently 4 years; enough to generate returns of $30 m. Thus some return is practically guaranteed, barring misadventures.
    Alos, mineralisation is open at depth. Good chance of much longer mine life.
    And yes, I've got some - and holding.
 
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Currently unlisted public company.

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