RE:RE:RE:RE:TradesJohny52, I think you are wildly over-optimistic. If the maiden resource is for 34 million+ ounces, I'll eat your left nut!
johny52 wrote: The current share price of of Tud/Amk/Tuo in my calculations is only valued at 5M oz at Treaty Creek. I would bet my left nut the pending resource calculation is going to be much more than 5M oz given the length, width, depth and grade of what has already been disclosed in the drilling reslults.
Tonnage Calculation
Strike Length x Depth x Width x Specific Gravity = “X” (in tonnes)
1250 x 700 x 700 x 2.5= 1,531,250,000 tons
Total Ounces Calculation
1,531,250,000 x .7 grams per ton / 31.1035 (conversion from grams to troy ounces) = 34,461,555.77 oz
34,461,555.77 oz x $85 an once in the ground= $ 2,929,232,240.45
AMK Portion
$ 2,929,232,240.45 x 20% = $585,846,448.09
Ounce In The Ground Value Per Phare
$585,846,448.09/ 450,000,000 total outstanding shares = $1.30 a share