GREY:ARGEF - Post by User
Comment by
canada7on Mar 17, 2010 11:44am
346 Views
Post# 16892914
RE: looking good
RE: looking goodEquivalent to 17g/ton!
Assuming only 80 M ton, 17g/ton will get 42 M oz of gold equivalent!
If each equivalent gold oz worths $10 (less than 1% of value), Argex should be selling at $6 (assuming 70 M shares). If assuming 100 M shares, it is still $4.2 per share.
Assuming the current drilling campaign will get 40 M tons only, the stock price should be $3.