Revised N.I. 43-101Ralph has already stated the new RC should be 1.5 million ounces Au equivelant.
Soho(Ralph) has also stated Soho may get to the pre-feasibility level this year and with ramping up the indicated and inferred I would say we should be looking at a shareprice reflecting the rising price of gold.
We need the particulars of why Ralph gave away Taheuheuto for a million bucks.
What is Mr. Zhang promising for his 50% ownership of Soho??
Bob Dickinson:
Take an all-gold company, for example:
You generally get valued at between $10-20/ounce for an inferred resource, then $50/ounce when you’re at the feasibility level. When you’re in production, you’re looking at $200-300/ounce
FSN Broadcast for Saturday, August 23
John Hathaway, Senior Managing Director & Fund Manager, Toqueville Asset Management
What juniors are worth/Typical acquisition price for an ounce of reserves:
Is 8-12% of the spot price and then adjust within that range for specific factors such as political risk and location