No, the prices we talk about are just wild guessing. Call them educated wishes.
We know some things from the last time the mines were in operation; historical information. But those figures are years old and based on old technology. Even keeping that in mind, just take the Silverwing Mine. It is estimated to have over $300 million in silver deposits in it. Take that $300 million and divide it by the O/S of 23 billion shares. You get 1.3¢ per share. Now, that is just the one mine, and the lesser of the precious metals. The Brooklyn mine has preliminary figures of 1 Troy ounce of gold per ton of raw ore, plus .6 oz of silver. That is a rich ore. At $1500 per oz. of gold, times 650 tons per day (mill capacity is 700, but let's leave some room for errors and less than full capacity days.) that is about $1 million per day when running that ore. But let's be conservative and half that figure.
That is $3.5 million in 7 days X 50 weeks equals $170 million per year. Market multiplier in the gold industry is averaging 10, so that is $1.7 billion value for that one mine alone. That's about 7.4¢ per share.
You can see that a value of 10¢ or bette,r depending on the other assay results, is easily achievable.
And that is based on old and preliminary assay figures.
So yes, we do exaggerate a bit, and we do throw around some outrageous numbers, but some of them can be achievable.
Just remember we are not predicting these are factual numbers. You just happened into a "wishing" session.
There are some of us here who have held this stock for about a decade. So you need to pardon us if we seem a bit crazy. We are so close to seeing our dream come true, and are a bit overwhelmed by the recent developments.
I believe it is very safe to say a figure of 10¢ per share is truly possible. That is a 10,000% increase from yesterday's price.
Even if I'm wrong by 50%, that makes 5¢ easily within reach.
That is just my opinion, and there are others on both sides of the figure. Some will say more, others will say far less. It is up to you to look at the figures that we have found and make up your own mind about our dreams.
Good luck with your investment. I personally believe the future looks bright for CGFI.
Don't take my word for it, Do your own research! Then you will know it's true!
