RE: RE: RE: RE: RE: RE: RE: re. gold n silver are"believe the $45.00 / ounce calculation was based on the 2007 1000000 ounce 43-101. ($50,000,000.00 share price divided by 1 million ounces). I suspect the new 43-101 (due within two weeks) will at least raise the inferred 1 million to indicated as well as add another 2 million inferred (including equivalent silver) based on the last two years of drill results. This would actually calculate ($50,000,000.00 share price divided by 3 million equivalent ounces = actually $16.00 per ounce). assuming it is only 2million ounces indicated and inferred (equivalent) it would still be $25.00 per ounce, and on the basis of their drill results I suspect $16.00 per ounce would be closer to the truth.-----------------Pls. correct me if I am wrong. "
yeah but the company value wouldn't be $50 million anymore, it would go up......you're logic is backwards.....you don't start with a company's market cap (in this case $50 mill) and then divide by how many oz (in this case, 1 million inferred)......You start with your oz, and then that determines market cap......
So far with BVG, we see the market values inferred gold at about $45/oz.....you can reasonably assume they will valu Indicated at at least $75......so if a 43-101 came out with 1 million Ind./2 million Inf, the value of the company could POSSIBLY (if all things go right) eventually get to $150 million not long after the 43-101, which is about 200% increase.....
Understand this is a simplified model and there are other factors......just a guide....but the market cap would go up with a good estimate, not stay ay $50 mill