Share price....Ok......can anyone set me straight or do these numbers look ok to everyone....
Mining Valentine Lake......
5,000,000 oz of gold
x $1400 an oz U.S. funds
= $7,000,000,000 U.S.
Divide that by the outstandings shares.....
say 180,000,000
= $38.88
Divide that by 10 (standard number used to calculate mining
costs etc including building, mining, salary etc etc)
= $3.88 a share.......in U.S. funds
That's over $5.00 a share Canadian dollars.....
So would projected buy out be somewhere around $5.00 based on these numbers
or am I completely out in left field without a glove?
Also.......what if that big area of land that they have yet to drill holds millions more ounces?
Does that become part of a spin off company?
Anyone offer some suggestions and/or corrections to my numbers?
BJ