Granada Gold Mine Inc V.GGM

$1.64 per share

[steadfast]

Joakim, thank you very much for all your hard work crunching numbers and so willingly sharing your
numbers.  Using your numbers I come up with a value of $1.64 per share:
3.35 M ozs Inferred     @ $30 oz        $ 100.5M
2.17 M ozs Indicated  @ $80 oz        $ 173.6M
  .25 M ozs Measured @150 oz         $   37.5M
5.77M ozs                                              $311.6M div 190M shares diluted o/s  = $1.64 per share
Add a Premium of 50%                                                                                                   .82
Total                                                                                                                               $2.46 per share
Not putting any value on Castle Silver Mine
+ all the Gold in the ground just waiting for more drilling
Looks like another Osisko or even larger