RE: 245$ Millions rough potential...This is what we have right now if we consider a 700$ per once of gold multiplied by the current resource estimated (349,100 onces)for the Astoria Block ONLY !!!
Is my calculation wrong !?
Well Red, you are forgetting the cost of extracting the gold, let's say $300 an ounce and yearly production at 100,000oz. That's about 40 million a year, which isn't alot after Bodnar's bonuses and divided by shares outstanding. No they need to up those reserves a lot.