Prom Resources Inc (PRMO)

[CTigerHDragon]

I did some quick calculations based on todays rumors of 50kg per 2 weeks for 5 years. Without considering expansion of course. I assume 25% cost of refining etc (just a guess that labor is inexpensive for mining). So I got a 5 year total net EARNINGS projection of $100 million dollars. If that is true (a big IF) then divide by 300 million shares and we get $0.33 per share which is HARD VALUE (meaning probably PROVEN gold that just needs to be extracted). That lump of gold is a $100 million dollar rock hard asset. Now add in an industry muliplier factor (what is it ... maybe 15????) and we get a large share price of $5 per share. Even if we only get 1/5th of that - that is $1 per share!!!!!!!! But if I am wrong in this calculation method - at the least we will have 33 Cents per share. It all looks good to me! If we have growth in those other perimeters (which they have plans to explore) then we could someday go higher. It will take some time because it is hot there and life is hard and they have crocadiles and the cows get in that gold field and eat the gold and then they got to milk the gold from the cows.

BUT.... I am just having a nice DREAM here..... let's wait for the hard facts for Prom on the real true status of the gold and see what the real market value will do.

imho

imho