GREY:OLEPF - Post by User
Post by
Mallard2on Feb 20, 2012 3:31pm
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Post# 19558290
Goldfatther Has No Heart!
Goldfatther Has No Heart! I started buying OLE in 2005. I have thought about every possibility known to man on OLE's worth. My take is we have 150M shares, take that times 2 and add 30M for Bendon and you get 330M shares total. So for every 330M dollars we are sold for we get $1 per share. I was told by a person that I feel is an expert, that it comes down to what is gold worth in the ground.
The total estimated value of the entire project at 10M ounces is 17B at $1700 an ounce. IMHO if you take $300 an ounce, for in the ground value, times 5M ounces we should have you get 1.5B add 1/2B blue sky puts you up to 2B or $6 a share. I have discussed this theory with Goldfather and he tells me I am crazy.