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j3sterfun

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j3sterfun

Re: DRCAL post# 28835

Thursday, 02/10/2011 1:19:28 PM

Thursday, February 10, 2011 1:19:28 PM

Post# of 102667
So at the current price the valuation per ounce is only $0.70 per ounce (328,481,544 O/S * 0.016 share price divided by 7.5 million ounces of gold)

With an O/S of 328,481,544 that would mean our share price should be somewhere around $2.51 per share at $110 per ounce of gold.

Is my math correct because a valuation of only $0.70 per ounce seems really really low for what we have here!
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