Post by
baconmaker on Aug 15, 2011 1:50pm
CAN VS. DLKM HANDENI PROPERTY EXPLAINED
So this is how it was all explained to me by one of the people close to Harp Sangha.
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BTW, I have not read the 43-101, or the more recent news releases in their entirety, so all this may be inaccurate, but here goes...
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CANACO
- Has 3.5 M oz and a current market cap of about $400 M (after you take out the cash in the company)
- Has two strike zone lines totaling 2 km that they drilled
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DLKM
- Has a current market cap of $100 M (very rounded off)
- Has 15 km of strike zone in 5 zone lines that they can drill
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DIFFERENCE BETWEEN CAN AND DLKM
- It appears that DLKM has roughly 750% more Handeni targets to drill than CAN
- If we prove up 3.5 M oz and our market cap is $400 M, then our stock would be $1.40
- If we prove up 10 M oz and then we should be around $1.40 x 3 = approx $4.00
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Of course the above market caps and stock prices are all based on the terrible market we are currently experiencing. Everyone I speak to believes the junior golds will have their day in the sun in the fall. And with gold at $1,760 and everyone talking about it going over $2,000, I hope that we will see substantially higher DLKM prices.
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If you believe any of the above is wildly inaccurate, please let me know.
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Bacon
Comment by
tanzdevil on Aug 15, 2011 8:15pm
baconmaker,I hate to be a wet blanket but the numbers thrown out here today are all meaningless. .DLKM has no commercial deposits.It has only just started drilling..Financial numbers are of no relevance until the first set of drill results are released...Until then, everything else is a high risk dream.