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Alias Born 01/30/2006

Re: None

Monday, 02/27/2006 10:24:52 PM

Monday, February 27, 2006 10:24:52 PM

Post# of 115222
OK, I have a very stupid question, sorry. I take my little 10,000 shares and divide the $15,000,000 by it and get 1/1500. Then I take 7,000,000 oz reserve and times it by say $200 profit per oz after mining costs. Then take 1/1500 of that and get just under $1,000,000. Am I an idiot or is my 10,000 shares worth $1,000,000.00? And thats at 500 per oz for gold, I like the $1000 per oz math even better :) Sorry, simple man with simple math. Is there a flaw to my dream?

Or is $109,000,000 the number I should be using or am I total off line here with my thinking? Thats still like $128,000.00 I would be happy with that :) Thats $12.80 a share



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