Cdn Listed Mining Stocks

[Rocketred]

SUR interesting
Area defined as mineralized according to previous news releases:
3500m x 2500m x 400m = 3.5 billion cubic meters of ore
(multiple by 2.4 to get metric tons)
= 8.4 Billion tons

Other than the high grade veins that have been assayed as high as 750 grams/ton gold, Rennie claims to be returning consistent grades as high as 3 grams/ton. (Discount it for the sake of argument to 1 gram/ton)

=8.4 Billion grams of gold.

(divide by 31 to get troy ozs)
271 million ozs gold

(multiple by a recovery factor of 95%)
257 million ozs of gold

(Sur’s share of Batoto is 70%)
180 million ozs of gold

Recent acquisitions of “proven” gold reserves has been over $100 US/oz in the ground. (x100)
$18 Billion US dollars
(multiple by 1.2 to get a Cdn dollar figure)
$21.6 Billion Canadian

At present Sur has just over 60 million shares outstanding. Again, for arguments sake, lets say that they have 100 million shares outstanding by the time these resources are classified as proven.(again hypothetical)

$21.6 Billion/ 100 million shares = $216 Canadian/ share (Potential we are chasing)

Hack the hell out of these calculations and say Rennie has only got 10% of what he claims….$21.60 Canadian/share

EDIT copyed this from another board