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Re: amigo777 post# 66309

Saturday, 07/16/2011 1:41:04 PM

Saturday, July 16, 2011 1:41:04 PM

Post# of 173226
Some months ago, someone posted an excellent article on how to value mining companies...one statistic that sticks in my mind is the 3% rule (of resources in the ground) for estimated value of the company:

http://www.gold-eagle.com/editorials_05/schwensen022306.html

So,

3% OF $1B is $30M, which is about our current market cap.

But of course, this is only ONE of our five properties...


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