***GSPG: MY OWN, INDEPENDENT FUNDAMENTAL ANALYSIS***
*Ok, here's how this works. I've decided to analyze GSPG on a future basis of 800 million fully diluted shares using 1,167 ounces of $GOLD per month or 14,004 ounces annually while multiplying that number by a specific $GOLD price and than that number by 5 as most if not all $GOLD stocks trade at a P/S of greater than 5, so I consider 5 conservative by any estimations. After that calculation is had, I take off an overestimated portion of debt in the total of 20 million to finally arrive at an equivalent share price in terms of market capitilization... ENJOY!>>>
[Annual Revenues given 14,004 ounces x P/S of 5 = ? - 20M Debt = Potential Market cap]
At $450 $GOLD: $6,301,800 x 5 = 31.509M - 20M = 11.509M = .0143/share
At $500 $GOLD: $7,002,000 x 5 = 35.01M - 20M = 15.01M = .0187/share
At $550 $GOLD: $7,702,200 x 5 = 38.511M - 20M = 18.511M = .0231/share
At $600 $GOLD: $8,402,400 x 5 = 42.012M - 20M = 22.012M = .0275/share
At $650 $GOLD: $9,102,800 x 5 = 45.513M - 20M = 25.513M = .0318/share
At $700 $GOLD: $9,802,800 x 5 = 49.014M - 20M = 29.014M = .0362/share
At $750 $GOLD: $10,503,000 x 5 = 52.515M - 20M = 32.515M = .0406/share
At $800 $GOLD: $11,203,200 x 5 = 56.015M - 20M = 36.015M = .0450/share
At $850 $GOLD: $11,903,400 x 5 = 59.517M - 20M = 39.517M = .0493/share
At $900 $GOLD: $12,603,600 x 5 = 63.018M - 20M = 43.018M = .0537/share
At $950 $GOLD: $13,303,800 x 5 = 66.519M - 20M = 46.519M = .0581/share
*Note, whenever possible, the share price was rounded down as to not exceed the potential market capitilization that was caluclated.
