Rig ~ .02 base should be easy,also
Good Lord, just take the value of the gold on the property and divide it by the shares outstanding.. not that that is an acceptable accounting technique
(from the 43-101)
5. Conclusion:
The estimated gold value in excess of US$472,000,000 in ExPL7/94 makes the property an attractive proposition.
(from the CEO)
143m outstanding 77m tightly held 66m float
using my wacky method I get $3.30 per share... great for judging one company against another but should not be considered a valid evaluation, does not take into account operating expenses
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