SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Birim Goldfields Inc. (BGI-T)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Stephen O who wrote (863)7/4/2003 4:25:16 PM
From: Gabe Heti  Read Replies (2) of 922
 
True, but some royalty. These results could well result in a mine. Do the calculation for a five million ounce resource, $350 gold and 3.5% NSR. Say over ten years that's $US350 x 3.5% x 10 million/ 35 million shares.

That's $160 million or $4 per share if I'm not mistaken. Say they distribute 25% of that in dividends. That's $1 per share. If true, shares should be worth what? $10? In a couple of years.

Then there is the Bui. And no more dilution either. Pretty sweet.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News