GOLDBUGS AMEX Goldbugs Index (GOLD): AUMN Market cap = 38M X 7.4$ = 281M$...

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Re: Fishpert post# 24590

Thursday, 10/20/2011 4:13:05 PM

Thursday, October 20, 2011 4:13:05 PM

AUMN

Market cap = 38M X 7.4$ = 281M$

Cash = 100M$

Silver = 400M once. (Gold = 8M)

Grade = 150 to 350g/t (Gold = 3 to 7g/t)

BASICALLY

281M - 100M = 181/400 =

0.45$ per once of silver in the ground.

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