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North American Gem Inc V.NAG



TSXV:NAG - Post by User

Bullboard Posts
Comment by Pauly79on Apr 12, 2006 5:33pm
502 Views
Post# 10671980

RE: Louise Lake

RE: Louise LakeI'm not really sure what the actual extraction costs per ounce would be, but you'd have to subtract it from the value of the find, then account for the fact that they're not going to mine all the gold in one year. I posted a sample calculation wherein I tried to account for these and other factors, and came up with a value of I think it was 62 cents per share for the Louise Lake property, not accounting for the new, larger defined zone, and not accounting for the value of the Whiskey Gap property. Generally, people seemed to think my calculation was very conservative. In short, yes, NAG seems to be highly undervalued.
Bullboard Posts