OTCPK:MSSNF - Post by User
Post by
philtlucreon Feb 02, 2009 2:22pm
366 Views
Post# 15745907
Formula-be-damned?
Formula-be-damned?Remember when there used to be a formula to help value gold exploration plays?
MM of OZ. (43-101 RC) x %owned x (15% of POG) / number of shares fully diluted = s/p
2.6 MM oz x 100% x (15% of $900USD) / 132,000,000 = $2.50 USD/share
or maybe
2.6 MM oz x 80% x (15% of $850USD)/132,000,000 = $2.00 USD/share
and this is before the expected updated 43-101, of course.
Statistics are for losers, I guess. p.