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overachiever

12/01/08 3:35 PM

#20894 RE: hickoryjones #20891

I don't know if this is legit but I would rather have more than Phoney Mellone, pornos and aliens on the con side and $80B in gold, .50 cents a share on the pro side.

Since we already know about Phony Melloney, the aliens, the porn, the stock fraud geologist and "two men and a wheelbarrow", it makes the claims of 80 billion in gold more than slightly suspicious, eh?

eyeamgame

12/01/08 4:02 PM

#20907 RE: hickoryjones #20891

At 125 tons per day they would only require 6 grams per ton of gold to generate 19,736.84

At 200 tons per day they would only need 4 grams per ton to generate over 20,000.00 in Revenues per day.

At 250 tons per day 3 grams of gold per ton would generate 19,736.84 per day

Those calculations were based on the value of gold at 750.00 per ounce according to your post.

Haven't checked today but gold is probably higher than that today and reports indicate that price will go up.

They appear to be ramping up volume quickly in any case which makes 20,000.00 in daily income easily attainable on anywhere from 3 to 6 grams per ton depending on proposed Production.

Consider if an average of 20,000 per day in Revenues is produced and half of that is earnings after expenses and taxes.

That is 300,00 per month or 3,600,000.00 per year and although there is likely much less O/S shares lets divide those earnings by 1 Billion shares.

It comes to earnings of .0036 for each of those 1 Bil shares which is about 4 times as much as current shares are trading for without a PE Factor of 10 to 20 which is Reasonable.


Now keep in mind this is only one of the Revenue bearing Projects expected to be undertaken.

Anyone thinking the stock will go down with Revenues should get out Investing.

Even reasonable Revenues based on returns as little as 4 grams per ton should take the stock price well over a penny IMHO.

The fact is other companies not even yet producing Revenues are already there.

eye