RE: RE: RE: 65,000 metres being drilled this year. Most of my precious metals stocks are down a lot too fsabbagh. I do not think Kaminak is worth $10 in this market but sentiments can change quite rapidly. They are going to report their resource estimate sometime in Q1 2013 most likely. If they could get 2.5 million oz at over 2g/t they should be able to get $300/oz for that(in a more normal market) . That works out to about $750 million. Divide that by 77 million shares outstanding and you get slightly less than $10 per share. 2 g/t is not an unreasonable expectation of grade but 2,5 million oz for Q1 2013 is a bit optimistic. We will probably be in the 1.5-2 million oz range. Even at 1.5 million and a price per oz of $250, we would be worth about $5 per share. That is my low estimate and still would put almost all of us comfortably in the black. To see how Kaminak is doing you have to watch the assay results and the price of gold. In this market the share price seems to make little sense.
Bob