TSXV:ASI.H - Post by User
Comment by
spearheadon Jun 13, 2003 9:19pm
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Post# 6170091
RE: SPECULATIVE? Yes, that's why I bought it!!
RE: SPECULATIVE? Yes, that's why I bought it!!I thought this part of viajo's post made sense and shows just a little about the potential:
"Newmont is spending 100's of millions in Ghana to develop two projects and to identify other exploration
projects.
Newmont bought Moydows 600,000 oz deposit for US 20,000,000, about US $30 for each oz in the
ground.
What if after this program the company announces a resource of (say) 500,000 oz with the potential to
expand this number because it probably goes to depth. The Obuasi mine is down 2,000 meters.
$30 per oz times 500,000 would mean AMI's deposit is worth US $15,000,000 or US$1.50 per share."
All pretty straight forward to me.