RE: If exploration stage. . what is valueGSM is not producing so the stock value with 250,000 oz in the ground would be estimated at $0.29 USD, I believe assuming $60 per ounce in the ground and 51.6 million shares diluted. The value per ounce in the ground varies with the price of gold. I saw some estimates using $75 per ounce. The warrants in the recent private placement went for $0.30 and so I would think that those buyers thought that the 43-101 was more than 250,000 oz.
However, after the previous analyst estimated much higher with less data than currently exists, I would be disappointed with 250,000 oz and so would the market given the bonanza values. The Monte Cristo 3D model looked like a hand with fingers at both ends and had intercepts that included 261 g/t; 180 g/t; 104.4 g/t; 69.3 g/t;61.3 g/t and 54.9 g/t fairly near the surface. I would guess at least 500,000-750,000 oz and a share price of $0.60-$0.88 for just Monte Cristo.
Given the leverage, and leverage counts in exploratory juniors, from Tip Top with intercepts of 40.35 g/t; 39.43 g/t; 30.75 g/t; and 29.79 g/t, I would hope the share price will do even better after the release and with more drilling at Monte Cristo and Tip Top to come in a few months. The recent private placement added 12 million plus in shares and warrents and about $3.5 million more in capital to continue drilling if the warrants are exercised at $0.30.