Mineral Hill Industries Ltd V.MHI

Alternate Symbol(s): MHIFF

Mineral Hill Industries Ltd. is a Canada-based company. The Company has a principal focus on the acquisition and exploration of mineral properties. The Company has an option agreement to acquire up to a 100% interest in the Dot-Apex Claim Group (Apex Claims) and the Master-ACE Claim Group (ACE Claims), located in south-western British Columbia. The Apex Claims consist of contiguous claim cells totaling 2,406.13 hectares (ha) and the ACE Claims totaling 695.09 ha.

TSXV:MHI - Post by User

Mineral Hill Industries Ltd

Bullboard Posts

Post by prospect_93on Oct 29, 2010 12:41am

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Post# 17628576

Golden

The Liberty & Lowell properties have placer gold deposits originally estimated to be 0.1 ounce/yard.

0.1 ounce/yard X 440,000,000 yards = 44,000,000 ounces.

MHI is at 50% working interest, so 22,000,000 ounces.

Today's gold price(much less than the future) - $1340 USD/ounce

22,000,000 X $1340 = $29,480,000,000

Let's assume that the reserve amount is actually only 5% of what was originally estimated. - $1,474,000,000

Cost to mine it, say half of the value(I'm sure it's less) - $737,000,000

Profit then - $737,000,000/38,985,058 shares = $18.90/share

It used to be a operating gold mine and it will be again. Shares at 0.08! Holy shat! There will be a lot more than a SP doubling going on here. Congrats for being early. It's going to get busy on this board.

This is a gold giant in a lithium costume.