It's now safe to leave my month endstatement on the kitchen table.
The wifeee is out of town so I can take my papers out of hiding and organize them. I keep telling her "money is tight" but if she saw my portfolio I'd be screwed, she'd grab her credit card and head to the mall.
Anyhow, I for one am not upset at MDR's share and I don't think the resource calcultion is already priced in the share price. I feel that a 2 million + ounce deposit will really bring some attention to the company, in particular a LOW COST heap leachable deposit.
Let's say Lindero has 2.3 million ounces and our boys sell the property for $125/ounce in the ground.
$125 X 2.3 = $287,500,000 divided by 49 million shares = $5.87 per share.
$5.87 per share does not include any valuation for Rio Grande, the company owned Antares shares or the cash on hand.
Any comments??
Cheers, SL