RE:50 Million Ounces?MrWatsa wrote: I never thought about it, but it could go to 1000.
Just Curious MrWatsa...How do you come up with 1000 per share?
If you consider 50 million ounces worth $200 in the ground. That equates to a market cap, or gold value, of 10 billion. We are already at 6.6 billion market cap. Sooo a 50 million ounce deposit would equate to a 50% gain from here to reach 10 billion market cap: or $60 MAX per share. That's a far cry from $1000.....
Am I off base with this?
Icarus
P.S. I love this stock and I love it's story.....