Calculation correctionsSo with 43,000,000 shares outstanding, and conservative $200 an oz profit....the calculation then reads as follows:
560,000 X $200 = 112,000,000
Divide that by 43,000,000 shares = 2.60
Divide by 2 (MOAs share of the play) = $1.30
Now......what if they can recover at $300 per oz??
560,000 X 300 / 43,000,000 / 2 = $ 1.95
My question is.....do they disclose the cost to mine in the 43-101???
Cause it looks like from simple calculations that $100 extra equates to approx. .65 cents on the share price and with Gold prices so high, one would think the possibilities of a bigger bang for your buck seems possible.
Anyway......just thinking out loud is all.
BJ