OTCPK:CRUUF - Post by User
Post by
hotinfoon Mar 17, 2010 4:04pm
448 Views
Post# 16894850
calculations for CRU
calculations for CRUwebsite says just over 2 billion shares out and about 5 million ounces of gold in the ground.
.00025 ounces of gold per share. let's use $1000 gold.
$2.50 per share in gold before they mine it. take all the possible costs, charges and other factors into account.
I don't think this is very cheap. In fact with that number of shares out, it's like moving a semi by blowing thru a straw.
*****************************************************************************************************
I think straight math doesn't justify the current prices. I think its the fact that this is great land and only about 5 to 15 % has been drilled ... so the 5,000,000 ounces could well be 10 fold or more.
Maybe that's why all the large cumulation ...
Robert