Atna Res Ltd ATNAQ

some mathematics..

[pecorina]

there seems to be concensus that Pinson is now a 'Barrick-size" project. My understanding is ABX looks at a treshold of 5 million ozs. Using 5,ooo,000 ozs at USD 100 in situ gives $ 500,000,000$/Can 580,000,000 - 30 % equals C$ 174 million ATN appears to be capitalized (51 million shares) or C$ 120 million On this basis ATN shares has room to move up by almost 50 % to match the in situ value - granted there must be a discount to reach present day value; on the other hand, ATN has other explo projects.. the moment ABX are confident to reach the 5 million oz level, I could see ABX making a bid for the whole shop and perhaps deal back to ATN the other explo properties.. I welcome your inputs to furhter refine the extrapolations and to reach realistic figures..thanks Ciao Tina