GREY:CQXFF - Post by User
Post by
Chinook3on Feb 22, 2012 2:37pm
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Post# 19568231
Ounce Potential
Ounce Potential The existing structure could host 115,000,000 tons. If five percent is mineralized at 1.17 grams/tonne (average grade reported yesterday) the target would contain 220,080 ounces.
At
.25 per share, with 31.5 million shares fully diluted, that is $36 per exploration ounce.
This is one of fifteen targets.
This looks cheap on a comparable basis.