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Ursa Major Minerals Incorporated T.UMJ



TSX:UMJ - Post by User

Comment by presto10on Feb 25, 2007 10:54am
100 Views
Post# 12306679

RE: Nickel up / URSA down...Nothing

RE: Nickel up / URSA down...Nothing Jabby, If the 50,000 ton sample nets you $3 to $5 million and you have, say, 11 million tons this means that there is something like 220 times more sample sizes to go. 11m/50,000 = 220. 220 x $3m = $660m before discounting. $660m/26m = $25 per share before discounting and many, many other factors. Very rough!!! - I am NOT suggesting for a second this $25 has market share price significance - just showing how silly your initial post was. Don't feel too bad though, the share price is just as funny. Here we sit at .80 including Shining Tree and the uranium assets. Sigh.
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