Gold equiv in DM shares to be exact
Right now 60% DM stake in TM trades at $ 2 /oz equiv
See below
geeeeesus
In situ undeveloped coal ( no one needs lately ) sells at 0.5 - $1 t
But coal market price is $100/t not $ 1700/oz Au --- for God's sake
If DM drilling own lands will double the resource ,
in couple of Y we are talking 99c /oz ( if SP won't move up)
No takers ?
No one wanna be a billionaire ?
TOO BAD FOR THEM
Au explorers @ DM stage usually trade at $ 10-40 / oz
5 to 20 times today's DM SP @ $ 2 /oz ( $ 10- 40 DM SP )
10- 40 times future 99c/oz ( $ 20- 80 DM SP)
geeesus
41-101 resource growth Oct 2009 - June 2012 DOUBLED = by $ 71 b to $ `144b @ prices $ 3 /7 / 1000
@ 60% DM stake = $ 86 B .
Trading now @ 0.3 % of that value =
@ 1 c /lb Cu
@ 2.3 c /lb Ni
@ $ 3 TPM
resource Oct 2009 June 2012
Cu 11.6 B lbs 21.5 B lbs = $ 64b @$3/lb = 77% ( $ 30 B ) growth
Ni 3.7 b lbs 7.1 b lbs = $ 50 b @ $7/lb) = 81% growth $ 31 B) growth
TPM 17.7 M oz 27.9 m oz = $ 28 b @ $1000/oz = 58% ( $10 B ) growth
tones ore 833mt 2.13 bt = 150% increase
Going for more = TM DOUBLING resource tones AGAIN to 4 bt
GEEEESUS
At aver 1.5% Cu equiv per 1 T = 15 kg Cu = 33 lb / t
4 b t x 33 lb/t = 130 b lb Cu equiv x $3 = $ 390 b
and DM stake $ 235 B = almost triple the June 2012 resource
geeeeesus
In that case DM is trading now at 0.12 % of that value
@ 0.4 c /lb Cu
@ 1c / lb Ni
@ $ 1.2 /oz TPM ( equiv $ 2 /oz Au)
==================
2 exploration programs 2012
1. TM on just 12% of land , Tonage increase targets by 1.4 BT to 2.4 bt on just Maturi
Take mean 1.9 bt increase and TM will soon have 4 bt resource
Over 4 TIMES THE Oct 2009 !!!!! geeesus
2. -- DM own = future spinco exploration lands = 1.5x bigger area than TM lands
Therefore further potential of as big discovery as TM = 4 bt
TO a total 8 bt
I won't slash by 1/2 above DM price per each metal again .. do it yoursef
I'll just slash the $ 2 Au by 1/2 for quick refference point
We are talking $99c / 1 oz Au equiv in couple of years if DM SP will stay same
geeeesus
DM a 99c gold store ? LOOL
4 bt on exploration lands is the automate goal ( to 8 bt for both)
,But initial drilling starting now shall deliver by mid 2013 initially only 1.5 b - 2bt more
To initial total TM + DM lands of 5 - 5.,5 bt by mid 2013
DRILLING PERMIT TOMORROW ,drilling to start right after that
"we feel the potential for these (OWN) properties to host similar mineralization to the
close-by Maturi Deposit is very high", stated Vern Baker,
Seee above - Maturi has 1.4 - 2.4 bt resource target
So does this drilling season on DM own land
=================
2 corrections to my post here
https://www.stockhouse.com/bullboards/messagedetail.aspx?p=0&m=31557662&l=0&r=0&s=DM&t=LIST
-- ANTO cap is $ 13 b but British Pounds
So, multiplay the comparable DM numbers by 1.6 ( IE DM target not $ 25 but $ 38 )
Or use same numbers as in post and tread this 60% mistake
as 60% extra safety , allowing much higger margin of error in my est.
-- the final DM stake in TM will be 35% not 25%
ANTO WILL PAY FULL NAV PRICE FOR EXTRA 25% AT FS STAGE= 2013 ?
Please ,redmetal ,remind me how many $$ billions will be the NAV then ?
Both mistakes made my est very conservative
============
Hi redmetal ... the 200DMA at $2.08 shall act as support now = buy there
UUPS.. bounced back at 2.13
..