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Atlanta Gold Inc ATLDF

Metals & Mining Gold Industrial Metals & Minerals
Atlanta Gold Inc. is a Canada-based junior gold exploration and development company. The Company operates in the United States. It is engaged in the exploration, environmental compliance, construction and development of the Gold Atlanta Project (Atlanta Project). The Atlanta Project is a gold exploration property located near Atlanta, Idaho, United States. The Company is engaged in exploration of the Atlanta Project through its subsidiary Atlanta Gold Corporation. The Atlanta Project covers Approximately 2,160 acres (870 hectares) with various mines producing approximately 344,000 equivalent gold ounces. The Company also holds leaseholds over five patented ore claims called the Neal Property and interests in approximately seven additional claims located in Idaho, United States. Neal Property is located approximately 10 miles southeast of Boise, Idaho in the Elmore District and approximately 40 miles southwest of the Atlanta Project.


GREY:ATLDF - Post by User

Atlanta Gold Inc
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Post by royalflush5on Jul 21, 2011 2:11pm
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Post# 18857803

What's ATGs rock worth?

What's ATGs rock worth?From the news release :
TOTAL:      |       |       |      |     |       |      |     |       |          |          |
|____________|_______|_______|______|_____|_______|______|_____|_______|__________|__________|
|Indicated   |  6,828|       | 0.101| 3.45|  686.6| 0.264| 9.04|1,799.5|      32.4|     719.0|
|____________|_______|_______|______|_____|_______|______|_____|_______|__________|__________|
|Inferred    |  1,788|       | 0.158| 5.42|  282.4| 0.238| 8.16|  425.4|       7.7|     290.1|
|____________|_______|_______|______|_____|_______|______|_____|_______|__________|__________|

Using 6,828,000 tonnes including gold at 3.45g/t and silver at 9.04g/t  the total rock worth of just the indicated resources is $188.70/tonne.

Then188.70x6,828,000tonnes = 1,288,443,600(Approx market cap).  Now takethat number and divide by the total number of shares outstanding whichis approx 145 mill.   And you get about $8.8/share   That's just theindicated resource

Undervalued? You bet. Do your DD and your own calculations if you want.  This won't be flying under the radartoo long.  Look at what happened to NKL  when they released their Resource Estimate
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