Inferred Gold is now up 180% There are a few BASHERS trying desperately to drive our SP down with outright LIES
PLEASE LOOK @ THE TRUTH & how much gold reserves have gone up recently
Casey's old #'s have been revised again when POG was $1535 / oz We are now @ $1667 so these #'s are already TOO LOW by almost 10%
Forget any badly undervalued or overvalued BUT instead look @ these averages as they are not FICTION
https://www.dailybuyselladviser.com/news/blank/gold-stocks1248-1.html
A renewed appetite
No sector has more stocks with high scores in the advisory’s The advisory did a similar survey this past December, so it compares those figures with its most recent findings. The results are startling.
Inferred reserves, worth US$21.90 an ounce in December, were now worth $61.90, an increase of almost 180 per cent.
Measured and Indicated reserves rose from $44.30 an ounce to $69.30 an ounce, an increase of 56 per cent.
Proven and Probable reserves gained the least, from $230.40 an ounce to $232.70, or about 1 per cent. Yet Proven and Probable is what the senior gold producers have plenty of.
Mr. Dashkov concedes that the tighter focus on gold appears to have pushed the valuations higher. “Still, it’s striking that the market clearly has renewed appetite for the junior sector, valuing gold in the riskier Inferred and M&I categories higher while P&P remained about the same.”
Thus explorers’ and developers’ gold is getting more expensive. “Drill plays” are coming into favour, which in turn implies that financing could be easier to find with positive drill results.
MY MATH FOR AN AVERAGE EXPLORER WITH 1 MILLION TOTAL OZ
Inferred: 500K oz X $61.90 / oz = $30,950,000
M&1: 500K oz X $69.30 / oz = $34,650,000
$30,950,000 + $34,650,000 = $65,000,000/200,000,000 +.328
That's correct almost .33 / share on only 500k Inferred + 500k M&I, & I will make M&I ZERO value {for Andy}
Also don't forget several HUGE factors, this is only 1 million oz, with POG @ 1,535, for average companies{we are much above average in almost every category} , The M&I will move up to P&P after the PEA {so I have assigned a 0 value}
All of this is without considering the Royalty program, milling program, future drilling or even the 2nd 43-101
Because as Andy has told us they are all "smoke & mirrors" so I have ELIMINATED all "smoke & mirrors" so everybody can see the picture more clearly
Andy can I please see your calculations showing how you arrived @ .10 SP value