Post by
ALTEL on Oct 09, 2023 9:22am
$10 - $20 per share potential
Arequipa Resources discovered the Pierina deposit
It’s share price went from $.60 to $33 in 9 months
Sold out to Barrick for $30 per share
AQP initial PP was at $.25 in 1993, Katie McLoud (Bear Creek Mining) who had just been fired from Yorkton Securities was a partner in AQP …… but I digress
Pierina had 112 mil tons of rock
QH is talking 100 – 150 mil tons at Pucamayo
He has estimated between 3 – 10 mil oz of Gold Eq (Gold + Silver)
So, let’s use 5 million oz
Multiply by $2000 per oz
$10,000,000,000
Typical takeout prices are 15 – 20% of the proven + probable value
Let’s use 15%
$1,500,000,000
Divided by 146,000,000 shares
$10.27 per share at 5 mil oz
$20 per share at 10 mil oz
Feel free to correct my numbers as I’m doing this at 5 am ……. Cause it’s hard to sleep!
Comment by
DarkGreen on Oct 10, 2023 8:23am
I think Manny could have a career as a letter writer , over 400 followers wow . He just made a fantastic analysis on Pucamayo but , what about two more drill ready properties Cobreorco and Hunaic Punta ?