RE: RE: RE: RE: Load up NOW!!!!!I don't know why ngobe would charge me with valuing Majestic but here goes:
One of Doug Casey's guys posted an article about valuing gold in the ground on Stockhouse in February of this year. He gives $20 for Inferred and $30 for Measured and Indicated, which I think is a bit low. This method of valuation gives Majestic a value of $64 million, or
.16 per share, so it is currently trading bang on its valuation. Personally, I would bump it up a bit and use arbitrary values of $40 and $50 for Inferred and Indicated, respectively. My valuation takes Majestic's valuation up to $118 million, which translates to
.295 per share.