RE: Less then $2 an ounce of unmined silver! Some a**h**-bashers are rate all positive comments down with 1. Folks hold against them and rate posts up and their posts down.
Anyway, in the most recent interview they asked Cope and mentioned a share price in a buyout of 6 to 7 bucks per share. I guess they have to be conservative in that point.
https://www.youtube.com/watch?v=QsVHNYYocro
Cope didn't want to answer, of course. Perhaps the truth is somewhere in the middle.
As I calculated recently:
Total Indicated Resources : 110 Moz AgEq indicated mineable with open pit
Metallurgical Recovery 86% : 110 x 0.86 = 94.6 Moz
Cash Cost per Ounce : $11.84 (Page 17 of the old worst case PAA-PEA - my guess much to high because of the open pit whittle shell and other factors once used by PAA)
Silver Spot Price : $34.70
Value Silver after cash costs : $34.70 – $11.84= $22.86
Value of silver : $22.86 x 94.6 Moz = $2162.556 M
Orko Shares Outstanding : 142,1M (fully diluted, look at their website)?
Value (Value silver/Shares) : $2162.556 M / 142.1 M = $15.22
This minus the capex, of course. And don't forget, it's just the actual state of the ressources. Many veins are unexplored, undrilled, not included in any calculation.