@wakenminds Boulevard du Temple is the name of the picture that would explain why there's nobody walking in the streets: the cameras of the earliest stages of photography could not pick up moving objects in an image.
No way they got the least renewal for that long without knowing what the QP report was. We should see that shortly, followed by the $300 million of liquidated cash mentioned multiple times by the administration. $RITE TO THE MOON π π¨βπ
@Dfsderek325 I want to say that's the intended plan if the lease renewal goes properly and we get the proper amount of funding in liquidated cash. I wouldn't be surprised if either they extend the lease or we pay it off, but you know, it could go either way.
The difference is that $RITE is not just a miner, they are a metals trading company. They have a subsidiary set up for that. That $400M on reserves is just for the tailings on one mine and is from mid 1990's. When the assay results are in, I would expect that reserve number to be closer to $10B. Miners typically dont have income for 18+ months as the upfront costs are massive and it can take 18 months to monetize a mine. That is why I expect them to make massive inroads in the metals trading division with $300M in funding (that is being worked on per their shareholder letters), therefore you could see $1B in revenues with a $300M equity raise. $DTREF is further along in the mine development, but $RITE is more focused on monetization. Hence I would expect non-mining news, as soon as their "no comment" comes from SEC.
@Antonio51941515@Mineralrite Time will tell... and the money will flow... everything is a risk... nut up or shut!!! $rite will go, sliver!!! π π¨βπ
@migu0828@Mineralrite I dont think so,they gave the correct answer:
1+4=5 means (4Γ1)+1=5
2Γ5=12 means (5Γ2)+2=12
3+6=12 means (6Γ3)+3=21
8+11=96 means (8Γ11)+8=96