RE: Food for thought... Docmz,
If GQC is right and it is 500m x 700m, and assuming the same 300m depth, then based on your calculations (which seem right) the math works out to a near quadruple of that calculation, or just under 31 Million oz.
The next few drill holes will tell the story, but if this plays out as I expect it will, the truth will be short of management's numbers but will still be significant. In my mind, a reasonable expectation would be double your calculation, or say 15 Million oz.
Using that figure and conservative assumptions of a $1400 gold price and an all in cash cost (assuming the overhead of a major like ABX or G) of $1000/oz, and GQC's enterprise value is $6 Billion, or $47/share. A major will want most of that for themselves, but if say 33% of that value is applied to the buyout then if this find is proved out GQC shareholders can expect an offer in at least the $15 range.
I think a more current and better comparable is Ventana, not Arequipa, but either way it's a home run for GQC shareholders.
GLTA. JL