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Douglas Lake Minerals Inc DLKM



GREY:DLKM - Post by User

Comment by stockarchangelon Dec 21, 2011 11:24am
181 Views
Post# 19341836

RE: In Situ Valuation Calculator

RE: In Situ Valuation CalculatorRe-post from what I noted on the CAN board: "Those numbers tend to vary greatly depending on who's doing the valuation, price of gold, costs of operations. Last I spoke with someone who earns a living making those decisions, it was about $70 for inferred, $75 for measured and indicated, $240 for probable and proven (assuming costs of about $400 per ounce produced and gold at $1600). General rule: Price of gold - cost of production x 5% (or 6% and 20% respectively)."
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