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Re: Don Quixote post# 36990

Saturday, 02/18/2012 4:54:24 PM

Saturday, February 18, 2012 4:54:24 PM

Post# of 162657
I did an approx. of total gold of this new venture they are taking and I think it was like 175mil according to market value. This is before expenses. Does this sound correct? I don't want to give misleading info..Anyway, I figured, with the shares outstanding, this should equate to a pretty nice share price if my calculations are correct and overhead isn't terrible. This is with just one mine and does not factor in their debt (or is this what the shares represent)?

This is all IMO.