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Tuesday, August 16, 2011 5:15:56 PM
.396 ppm = 58,223,201.941 ounce/cubic mile
1 ounce of gold = $30.80 currently
58,223,201.941 ounce/cubic mile X $30.80 currently = $1,793,274,619.78
$1,793,274,619.78 would be the revenue for mining a square mile area if the same .396 ppm is verified in the core samples and we end up digging in the vein.
Just something to think about.
Also something else to think about. EMLL, our closest comparison, which closed today at .0015, has nowhere near the same prospects as we do. EMLL also has an OS of 4,836,936,000, while we have an OS of 496,292,434.
Think about it:
-Good share structure
-Low float (the day to day volume is evidence of this)
-Most of the shares are already locked up by longs
-Good gold and REE prospect
-Drilling is about to or has already commenced.
-Most important...NO DILUTION!
If I spell this out anymore, I would literally be coming through your computer screen.
Do the DD, make an educated decision.
-Darth
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