Rupert Resources Ltd T.RUP

I figure we are worth much more than $24

[PACO2]

The Ikkari deposit is "open in ALL directions.
Limiting the resource to 500m X 500m X 200m deep = 50,000,000 cubic meters
Allowing for the open pit avg. grade @ 3 g/T ( our grades are much higher)
allowing 1 cubic m of ore = 2T
50,000,000 cubic meters of ore = 100,000,000 T of ore
100.000,000 T  X 3grams/ T = 300million grams
300 million grams =  10.7 million ounces
10.7 million ounces @ $ 1850 US =  $ 20 Billion US dollars = $  26 Billion CND
If we mined it ourselves for say $800oz we would make over $15 billion profit ($94/share ! )
OR if we give it away to some major for 15% in-the-ground finders fee and we could get $24 per share- thats 4 X where we are now- just for Ikkari. 
AND this thing could very well be much bigger .
The mental block of $1 billion evaluation will soon be in the past as companies like Agnico Eagle and others do the math.
Stay long 
GLTA

[Adaveuno]

Well, I for one appreciate your comments. Especially today, I was contemplating selling at least part of my holdings. I have been here for a few years now and have an avg. share price of $1.00 I may not understand mining too well, but math I can dig. Not going anywhere for now!

[PACO2]

Its hard to ignor those long intercepts. I dont own any other gold stocks with such rich grades over such long runs.. My math is not perfect as I showed regular ounces not troy -but it still gets you there. A guess at the actual perimeter until we drill all around to actually define the borders I would really like to see whats deeper. AEagles Kitila similar geology kept expanding the deeper they

[Nodga2000]

You know PACO sometime my posts get a few 100 reads and no response :( Grateful to you sharing the maths and whilst it's not a guarantee, it does indicate the sort of scale this deposit COULD be. World class in the conclusion basically. I believe CRUX Investor are doing another interview with Jame Withall this week (CRUX), so hopefully more direct from the horse's mouth before the week is

[hawkowl1]

I started a position here based on your comments.. Now waiting for company to come out with a press release on what their estimate is thus far. Surprised they have not done so at this stage.

[yakker5]

You can't come up with a resource estimate if you can't find the boundaries. Ikkari is still open in ALL directions. That's north, east, south, west, and down. The estimate will come with more drill logs and unfortunately that takes time. Have a look at the videos on the company YouTube page. It takes 5 minutes to walk the length of one hole, let alone doing assays on each metre.