RE: freequotesWell we used to be able to gauge the rough Market cap by taking any grade of ore and pricing at $50 an oz. So 1 million oz should be at 50 mil. Now I know that grade is a major factor, but forward looking, and the expected gold bull taking gold higher, the minimum should be $50. We used to use the $50 for even 1/3 oz a ton. So as the price of gold rises, there should be an increase for the price of gold in the ground. The other properties that USA gold are trying to buy out, have no real gold in the ground, only speculation, other than the 1 million oz of refactory gold that USa gold has, and that is not the same. So the market has been moving up, and I think someone has found out what the value of Coral should really be, outside of the offer from USA gold. But when the dust settles, it does not matter what I think, as the market will set the price.
Now that is all JIMHO (just in my humble opinion)