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Re: nlightn post# 40

Monday, 09/11/2006 9:49:09 AM

Monday, September 11, 2006 9:49:09 AM

Post# of 111
nlightn, this pocket is huge, usually you get anomalies no more that 1/2 mile across,and this is 20+/- miles across and covers the entire original property.

Let's take a hypothetical guess here..

If they prove out that there is 10 million ounces of gold equivilent (copper findings would be transposed to gold on a dollar value equivilent to gold) and there is 36 million shares in the company and gold in the ground sells for $250/ per ounce.... then you have an equation for what the property is worth. and these guys are explorers not miners so the will most likely sell it off once they have proved its' worth

so the equation is

Reserves multiplied by selling price of ore divided by share structure equals price per share

I used 10 million proven, that number may be low

Just be sitting down when you work the numbers


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