RE: RE: RE: RE: RE: RE: BNN Market Call (Upcoming)Juniors get evaluated by number of oz proven up in the ground and blue sky potential. A conservative measure to use is $100 per oz in the ground. This number will vary widely though depending on size of deposit, type of deposit and how easy it is to mine, how easy it is to liberate the gold from the rock or metallurgy of the deposit, geographic location of deposit and proximity to utilities/services, country risk, POG etc etc.
ATC could well be valued higher than $100 in the ground based on country risk alone but only time will tell what a major will pay for it. If we did have 20MM oz in the ground and assuming ATC has 100MM SO fully diluted and assuming a valuation of $100 oz in the ground you could put a valuation on ATC of $20 share on the lower end and possibly as high as $30 - $50 share.
On a cautionary note we are no where close to having 20MM oz...........yet.
Quite the ride today!!!
GLTA