Replies to post #563 on Ironwood Gold Corp. (fka IROG)

[buyittradeit]

The block outlined by current surface sampling could hold 69 million metric tons; if the ore were a grade of 0.02 opt Au, the project could contain approximately 1.5 million ounces of gold. If this grade of mineralization extended deeper or farther along strike, the resource could approach 3 million ounces of gold. Although the possibility of a deposit this size is limited, the potential for discovering up to 1.5 million ounces of gold on the project appears to be quite good. We believe that the project deserves substantial exploration.

Source: http://ironwoodgold.com/projects/cobaltcanyon.aspx

So with that being said:


http://www.goldprice.org/
1100 per ounce (rounded down a little but this is close to the current price of gold)
x1,500,000 ounces
--------------------
$1,650,000,000


Looks good imo.