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Douglas Lake Minerals Inc DLKM



GREY:DLKM - Post by User

Douglas Lake Minerals Inc > That settles the December debate.
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Comment by baconmakeron Feb 11, 2009 12:56pm
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Post# 15770659

RE: RE: That settles the December debate.

RE: RE: That settles the December debate.

Heyw256mgr

 

Ithink that should be... 

•89 million oz of gold 

• 100million shares outstanding by the time they get their next financing(currently 62 million shares outstanding)

•$750 per oz of gold because the cost of production is so low (assuminggold stays around $900)

•if stock trades at only 1 x multiple

 

Sothat is 89,000,000 X $750 ÷ 100,000,000 = $667.50 per share.

 

Prettyastounding, or am I smoking something?

 

Justmakin the bacon...

Baconmaker

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