Chance of fraud - 95%+
OK, let me bring down the wrath of the board by saying that I think the chances of fraud are around 95%. Something's wrong... either the claims of gold, the claims of ownership, or something else.
I'm anything but an expert... in fact, I have only one piece of evidence... the market cap.
Taking a low estimate of gold-in-ground of 16m oz, and applying a very low cost/oz of $100, that makes
for operating profit of 400 times the market cap.
400 is not a ratio that the market applies to even the most blue-sky, glimmer-in-the-eye junior mining
prospects, let alone a company that has pretty thoroughly proved out its claim, as DLKM says it has.
And it's not like their aren't people eager to sell. Put in an order at the Ask, and see how fast it goes!
If the company's claims were valid, you couldn't buy ANY shares, let alone however many you want.
So that's how I come up with the 95% chance that this is a fraud. Of course, a 5% chance of success
in a multi-hundred bagger still makes it something to try, I guess, which is why I actually own some....