OTCPK:MSSNF - Post by User
Comment by
cutshealon Jul 07, 2010 8:48am
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Post# 17249561
RE: Valuations
RE: ValuationsRespectfully...none of your calculations take into account the income generated by the mine.
Normally the value of a property is valuated by...(ozs of gold in the ground} divided by ( the life of the mine in years) multiplied by ( price of gold minus the cost to mine) divided by ( number of outstanding shares).
As a conservative example: 2 million divided by 15 X (1200 - 500) divided by 200 million. Equals 0.46 cents.
The speculation is what the numbers in the equation will be.
Cutsheal