Gold in the ground valuation - Alaska
$1437.20 US - gold price listed on Stockhouse.
That said..........Shotgun Project in Alaska (historical only vs. 43-101 compliant resources)......1 million ounces.
1,000,000 X $1437.20 = $1,437,200,000 = $1.4372 Billion US.
https://tmx.quotemedia.com/quote.php?qm_symbol=tnr&locale=EN
| Total Shares: |
143,751,447 |
1,437,200,000 divided by 143,751,447 --- basically you get $10.00 a share in the ground valuation.
That is just this property alone............no other ones have been factored in at all.
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If you base a valuation of $40.00 per ounce in the ground (not recoverable amounts and so on) you would have
a share valuation of $28.00.
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Just something to consider.