OTCPK:NGMBF - Post by User
Post by
Sevsteron May 30, 2006 6:06pm
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Post# 10923606
MY MAY 10th POST
MY MAY 10th POST"
Let's say the size of the resource is 150 million tonnes (conservative).
Lets take previous average estimate done by Equity Silver Mines of 0.3% copper and 0.3 g/t gold.
This gives us 450,000 tonnes of copper and 1,580,000 ounces of gold.
Current price of copper is ~$8000/tonne, gold $700/oz. We have $3,600,000,000 of copper and $1,106,000,000 - $4.7 BILLION IN THE GROUND!
if the size of the economically feasible resource is minimalistic of 50,000,000 tonnes we still have over $1.5 BILLION!
Now annual realistic production - lets take 30,000 tonnes of copper and 100,000 ounces of gold. This gives us $240 MILLION Cu + $70 MILLION Au = ANNUAL REVENUE OF $310 MILLION DOLLARS.
Share price in this case could be anywhere between $3 and $15 dollars.
REMEMBER, THIS IS NOT 1992 ANYMORE. LOOK AT THE MINERAL PRICES.
YOU WILL BE VERY, VERY SORRY IF YOU SELL. (Can't believe I spent my time doing this)
"
PRETTY CLOSE, EH!!!!! :D