RE:RE:Another Aquisition.hammer161 - (11/7/2013 11:16:06 AM) RE:Another Aquisition. "...The San Agustin numbers are 43-101 compliant with over 50% indicated. Last time I looked the compliant resources for Cow Mountain were 5 million ounces with only 20% indicated..."
"...Anyhow based on the 5moz number Cow is worth $80M @ $16/AuEq oz. With 110M share outstanding this equates to a share price of $0.73 - which means at the current time BGM is more or less fully valued...."
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Boss says:
So then if the QAQC numbers (I believe due this month) confirm 5m indicated at COW, then thats %100...
So double your %50 statement above....
And if the QAQC numbers improved the 5m to say 7m (different assay method) )(dont know but lets just say) with some inferred....then that number increases...
So MORE THAN double now....
And of course thats just COW...your choosing to discount the other 27mm in the BSCS approved 43-101....and I believe those numbers get 'firmed up' with a new report due 1st q 2014...
So, now what is the multiple (over your valuation example...)...?