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Re: None

Monday, 10/13/2008 10:13:10 PM

Monday, October 13, 2008 10:13:10 PM

Post# of 30922
I will be buying in sometime tomorrow so I thought I would do little hypothetical market value calculation as to what I believe TSHL may be worth. I am going to start with the assumption, if I may, that TSHL will encounter 1.5 ounces of gold per ton in the COS #1 claim. That being said, 1.5 ounces multiplied by 900 tons would give us 1,350 ounces of gold. Let's say that it will cost ~$150 per ounce to extract the gold leaving us with a gross profit of $700/ounce. Multiply that $700/oz. by 1,350 ounces which gives us $945,000 which can be divided by the 540 million O/S yielding .00175. Ascribe a fairly conservative multiple of 10 to that and you get a share price of .0175. Keep in mind that this calculation only accounts for the initial 900 tons that can be mined while waiting for full permits. Also, this obviously doesn't take into account fluctuations in the price of gold, MM manipulation or increases in the O/S. Thanks and have a great night!!