What would be the cost of getting this thing off the ground( to mine it)??? how much would have to be raised do you think for AHR to go it alone? Seems silly to sell an asset in the ground for alot less than what it is worth to make a quick buck.
I suppose we will find out in the scoping report.
Part of me wants the quick buck.... the other part of me doesn't want some one to come in and screw us over.
I do feel safe that the we have a strong portfolio of top 20 investors who hopefully will make the right decision.
After the allocation there will be around 50,000,000 shares meaning it would cost every share holder approximently $1 dollar a share to fund the mining(my guess).
That would mean the wholesale price would be $1 + the current share price.... around $1.20..... (i'm making this up as I go along and have very little Idea how things work)
So the market cap would be around $60,000,000 for an asset in the ground of arounf $300,000,000.
Did I make sense or should I return to reading about IGR????lol
AHR Price at posting:
17.5¢ Sentiment: Hold Disclosure: Held