GREY:COLUF - Post by User
Post by
Runner5on Sep 30, 2009 1:27pm
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Post# 16350826
Better than AUR!
Better than AUR!I believe the best hole from Aurelian was 189m @24.0g/t, released on June 2nd, 2006. At today's gold price of $1006.40, that gives an in-situ value of $852/t. Another method of comparison is the gram-metre value, which was 4,541 for this hole.
For CSI, hole SPC-034 has an in-situ value of $3,216/t and a gram-metre value of 6,404. This is the best gram-metre value reported so far by CSI, although the historic holes exceeded that.
Both these measures are better that those for AUR.
For AUR, the stock went from $7.03 to $13.35 that day. There were 33M shares outstanding at that time, giving it a market capitalization of $443M.
CSI has 58.1M shares out, for a market cap of $342M. To have the same market cap as Aur had, CSI's share price would have to be $7.63 . . . maybe tomorrow!
R