RE: ******NEWS********>1. You forgot the Moly values ( which account for a third of the >dollar value out of the ground)
Yup, I only included the copper and gold they indicated from the original work, and even with only these two resources the estimated share value was double what it is trading at now.
>2. There is silver on this property as well
See above.
>3. Where did your 30% recovery value come from?
My 30% was basically an estimate of turning the resources into reserves (or whichever way that works under 43-101; it's late and I don't want to look it up). I think reserves are proven to a higher standard than resources, so I'm saying, maybe the tests indicate a certain level of mineralization, but when they get into the ground there is a chance that there might be less than expected. I'm assuming the find is 30% as large as initial results indicate. Again, I'm not certain what the industry norm is, so I don't know if this is conservative or not.
>4. Wait three weeks and the experts in this field will present a very >detailed Resource Estimate, Remember 25 diamond drill holes have been >put into the ground since this Equity Silver Estimate, several of >which have expanded the Main zone.
Yup, it does look like the main zone is larger than expected. This is further good news which will increase my 62 cent value.
>5. The list goes on...................
All in all, I hope I'm wrong with a lot of my estimates (ie. I hope the actual recovered find value turns out to be much higher). In any case, my argument is that there may be at least a decent argument to be made that NAG should be trading at values far in excess of current price levels.