Share PriceUsing the same method I calculated before.....
If by month end we have 2,000,000 oz of gold......then:
2,000,000 OZ
X
1200 an oz
divided by 118,000,000 shares outstanding
gives us an in ground value of $20.33 per oz
Again, figuring on a cost value of 10 (very conservative)
puts our share price at $2.03
Unless somebody else has a different way to figure it.
BJ