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Re: msgbrdinfo post# 35463

Thursday, 12/09/2010 7:43:16 AM

Thursday, December 09, 2010 7:43:16 AM

Post# of 66758
$9.47 Per Share is What The Market Should Value this At When all is said and done

These values were actually back when gold was at around $1075 an ounce. There should be a 30% increase in valuation since gold is near $1400 as I write this. Given that SAEI has Inferred and M&I Values now just for their one lot.

Values at $1075 an ounce
US$20 per ounce Inferred
US$30 per ounce for M&I
US$160 per ounce for P&P"

Current values using this model:
US$25.70 per ounce Inferred
US$38.55 per ounce for M&I

SAEI Valuation:

5,439,000 Indicated X 38.55 = $210 million
14,318,000 Inferred X $25.70 = $368 million

Total Reserves for this property in Gold Only = $578,000,000

$578 million / 61 million OS = $9.47 per share