TSXV:TGR.H - Post by User
Comment by
Bthereon May 28, 2015 12:43pm
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Post# 23774481
RE:How much would it be worth?
RE:How much would it be worth?We do know there is 300,000 oz of gold as per the drill report in the early 90s (if the date serves me correctly); so base on that we can work out an assumption with current gold price:
$1188 - current gold price
Assuming the cost will $500 per oz (alot more than the 30 million)
Therefore, it will leave us with $688/oz for profit.
300,000 x $688/oz = $206,400,000
ECR in 50% = divide by 2 = $103,200,000 for each company.
TGR's net worth is $10.4 (but at market value may be sitting at $4)
** Don't forget there may be copper at deeper level and perhaps new gold as well.
Of courese this is all just an educated guess.....but if we do find a million oz at the surface level...then watch out.
Good Luck...