Soho gold eq net worth per shareI understand Taheuheuto is a rich polymetallic deposit,however,I calculated the gold net worth of the project using the CASEY RESEARCH calculation method posted on Stockhouse today.
I calculated the silver into gold numbers by dividing them by the Au:Ag ratio of today.
I excluded the copper,lead and zinc Au equivelant.
Au oz. :
Measured- 251,000 X 30 dollars= $7,530,000
Indicated-248,000 X 30 dollars= $7,440,000
Inferred-165,919 X 20 dollars= $3,318,380
Total M+I+I = 664,919 oz. Au = $18,288,380
Ag oz. :
Measured- 3,798,000 / Au:Ag ratio of 66.4 = 5,693 ounces Au X $30= $170,783.00
Indicated- 4,496,000/ 66.4= 6,771 ounces Au X $30 = $203,130.00
Inferred- 4,972,873 / 66.4= 7,489 ounces Au X $30 = $224,670.00
Total M+I+I = 13,266,873 oz. Ag
Total Ag into Au rock worth with these calculations= $598,583.00
Total M+I+I = 664,919 oz. Au = $18,288,380.00
+ $598,583.00
**************************************************
$18,886,963.00
Soho shares total outstanding:
Fully diluted 159,267,786 = 11.86 cents
Common shares issued - as of December 31,2009 145,472,786 = 12.9 cents
Doug Casey Research gold calculation metric:
US$20 per ounce Inferred
.
US$30 per ounce for M&I
.
US$160 per ounce for P&P
https://www.stockhouse.com/Columnists/2010/Feb/1/Valuing-a-junior-miner-s-gold-in-the-ground