Replies to post #22 on New Carolin Gold Corp. (fka LADFF)

[Luke_McCain]

"back of the napkin" current gold resources valuation

Price: $ 0.10 (in US Dollars)

Shares: 185,375,722 (Fully Diluted)

Market Cap: $ 18.537 M

Gold Equivalent In-Situ: 0.714 M (average of several numbers quoted)

AuEq/Share: 0.00385 oz. (0.714 / 185.375)

Current $/AuEq Valuation: $ 25.96 (18.357 / 0.714) or (0.10 / 0.00385)

Conservative PPS Target: $ 0.135 to 0.154 (@ $ 35 to 40 AuEq x 0.00385)

Aggressive PPS Target: (@ $ 100 AuEq) $ 0.385