International Star Inc (ILST)

[rbtree]

Sorry, but these numbers are way way way too high.

All should read this article, which explains in detail what a gold deposit is worth......

http://www.kitco.com/commentaries/2015-06-03/The-Real-Value-of-Gold-in-the-Ground.html

Based on 253 gold deposits acquired from 1990-2013, Cipher calculated a median benchmark value for an ounce of gold in the ground at about $40 and established that 80% of the ounces were valued at less than $90.

Note also that, at this early stage, ILST is not even close to the advanced feasibility study phase, so no reserves exist. And, based on SEC Guide 7, they are still precluded from claiming a mineral resource.

So, even if and when the project advances much further, an appx valuation for this small ore deposit would, at most, unless the estimate rises significantly, be no more than, are you sitting down, $3 million