remember....from original assays we (CGFIA) has estimated gold reserves (silver not included) in the mines of somewhere over 3.1 million oz of Au--look at 2008-2009 assays--at 1400.00/oz as current price of gold that is 4.355 Billion US$ Dollars of JUST Au in the ground.......note this is conjecture-drilling assays-approximations etc as disclaimer but it is there waiting to be mined and sold for the shareholders.....with lets say 3.00billions shares out..if we can get it up. mined and sold value is NAV of 1.49 per share.......excluding costs to mine etc
Mine is a rough, gross estimate---just to get the idea across of how much WE DO have in value----excluding the millions of dollars from milling other peoples ore -----what a kicker!
My numbers are not exact but do reflect why I believe CGFIA will eventually sell for around 1.5 to 2.15 on any buyout proposal presented to us as a Company----Mill approval is of the essense!!!! Thats my soap-box spiel for now --will talk to you all later--- someone post this postulation on Twitter and we may get some real action that we have long deserved
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