RE:RE:RE:RE:Gold bs SP7.5 g/t x 7.2 m/t "measured" at time of FS. I believe $1900 gold means over 100% IRR.
3.42 Billion divided by 2= 1.71 Billion.
1,710000000 $250,000,000 start up (to be safe)
= 1.460000000 divided by 275840000 outstanding shares. That's 5.29 per share
That doesn't count ANY indicated or any of the new drill results.
So, I beg to differ. We should be well above $2.00 right now. In the event that someone were to bid to take us out, one has to consider this reality in 18 months. I believe the number will be significantly higher by then. I see gold being over $2000 and our reserves being 50-100 percent higher. Jmho