...Debeers places a value of 40 to 80 billion on their 58,000 acres. If we assume CMKM owns 2 million acres divided by 58,000 acres, the result is 34.5 rounded. Then multiply 34.5 times 40 billion and the result...1.38 trillion dollars. Coincidence? The industry and the market is willing to bestow the lower end of Debeers estimate on their acreage to CMKM.
I want to make sure I got this math right.
The assertion here is that DeBeers owns 58,000 acres of land that is worth 40 to 80 billion dollars US per acre. I divide the real estate owned by the largest diamond mining company in the world (in business for around 150 years if memory serves, and which happens to have started mining in Canada's Northwest Territories in 2000 after a lengthy and expensive analysis of where they might find diamonds in Canada) by 2,000,000, the number of acres owned by CMKM. (I can't confirm the real estate holdings, but I'll go with your number.) Then I multiply by 40 billion dollars, meaning that CMKM's real estate is about the same value per acre as DeBeers, and I get 1.38 trillion dollars US.
Did I get that right?
I have a confusion.
It looks to me like you didn't factor DeBeers actual mines, buildings, equipment and other real estate improvements into your equation. I think you should. DeBeers owns several buildings and LOTS of other stuff. They have several thousand employees all over the world, and those people have to go to a building to go to work, right? And the miners, they have to go to an actual mine, with picks and shovels and those miner hats with the lights on them and who knows what all.
Not to mention those big trucks and company cars and stuff, which is not factored in here because that stuff is probably not worth much compared to the 40 billion per acre.
Let's say we give all that extra real estate stuff (meaning it is attached permanently to the ground in some way) a value of $100,000,000. Just thinking out loud here.
Then we multiply that by 40 billion, and we see that your estimate of CMKM's value is quite conservative.
The value should be closer to $4,000,000,000,000,000,000
4 quintillion dollars, U.S.
Divide the number of potential shares of CMKM that could be traded in the next month or two...
(50,000,000,000,000,000,000,000,000,000,000,000,000)
...into that number and you get somewhere near .00004 per share (four hundred thousandths) that the industry and market is willing to bestow upon each share as it were so to speak, which means these shares should go up from where they are now assuming I got your math right.
Correct me if I'm wrong here on the calcs.
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