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amarksp

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amarksp

Re: Frank Pembleton post# 3895

Friday, 10/24/2003 4:09:12 PM

Friday, October 24, 2003 4:09:12 PM

Post# of 19037
I calculate a rough estimate of $60 market cap per reserve ounce for Kirkland, from the latest 10-Q looks like 32.3M fully diluted shares (could be much more because of the convertible debt??) and using 1.3M ounces (both proven and inferred).

Looks like the gold ounces could go over 2M+ ounces based upon that research report. The debt is convertible at C$4.00 per share...

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