From my YRR post:
GPN has a substantial holding in YRR incase you haven't gathered. 40,000,000 Heads and 20,000,000 oppies...
Say for instance YRR is trading at 40 cents:
MV of shares heads: 16 Million
Oppies: 7 Million
TOTAL VALUE :23 Million ie 2.5* current market price
Current Market cap : 9 Million
GPN also has Perak Hill, Apogie, West Arnum Tenure, Mckeddies... these must be worth something.... Very undervalued IMO some are free carried 30% interest for crying out load!!!
When market cap 23 million.. Heads.. 3.1 cents .... Oppies should be just under 1 cent... Worth a punt at least IMO
Say YRR 50 cents... same above calc oppies at 1 to 2cents
GPN should be inb Trading Halt IMO
Anyway
CES is expecting Coal JORC very soon... could be worth a punt also... have a quick research before it's too late
GPN
greater pacific gold limited
