RE:RE:RE:Question for the real investors here
OK, I appreciate everyone's opinions but I was hoping that someone would provide a more detailed explanation with estimates based on the current resource rather than just throwing an arbirary number out there. Certainly some kind of estimate can be calculated by some of the investors with knowledge in this area. What I am not familiar with is the raw value placed on these precious metals or estimated profits.
Note: These numbers are for example only as I have no idea what real value we should get and that is why I am posing this question to the board in hopes that someone does. If my numbers are close and this is the value in the ground, then I presume the company would get a fair percentage of this but again I have no idea (maybe 20% for a buyout). Even that amount would be 400 million (approx $2 per share) based on my guess below.
Gold (10 million ozs) = $100/oz (profit or raw value) = $1 billion
Copper (1.1 billion lbs) = $1/lb (profit or raw value) = $1.1 billion
Silver (26 million ozs) = $5/oz (profit or raw value) = 130 million
Total = $2.23 billion
Feedback would be appreciated!