Replies to post #13219 on Value Microcaps Junior Miners

[kipp440]

clever - I look out and see $1200+ gold, 2000tpd production, 7 gram per ton gold in the not to distant future. It will take time. The bonus will be the pipeline from Gray Fox and Mexico. They may also find a lot more gold under Black Fox. Who knows? but I do also have to promote my own book!

Kipp

[cl001]

This is only BF @1.3million oz. How about GF, how about the resources in BF? I see they can easily expand the reserve to 3 million oz with the two mines combined. 5 million we are in heaven.
BTW, you have to deduct the debt of ~70 million from your calculation.

[cl001]

In addition, the 300 million NPV is based on 750 gold, 120 oil and 1:1 Canadian. It should be much better if you plug in the current number.

[SAMNOTSAMUEL]

agt,

My calculations based on their pdf is about 120k oz production for 1500tpd and cash flow of $500 per oz over the vast shares outstanding of well over the 300 mil gives perhaps 18 cents cash flow times 10 would be $1.80.

sam