RE:RE:RE:Gold Prices Well Supported - BlackRockI am not a promoter nor do I know anyone in the company.
I own 20,000 shares at 20 cents.
I like gold junior stocks and hold many others gold jr stocks.
You guys come on this board and always point out the negatives.
Maybe this is the wrong stock for you to own.
Jason Hommel likes GYA “Mazoa Hill zone 43-101 Mineral Resource Estimate – 259,100 Indicated Au oz within 4,428,000 tonnes grading 1.8 g/t, and 86,200 Inferred gold ounces within 1,653,000 tonnes grading 1.6 g/t”
My analysis: What does that mean?
My math: 1.7 g/t / 31.1 g/oz. x $1400/oz = $76 / tonne rock ore.
Total indicated and inferred ounces = 345,300 oz. gold x $1400 / oz. gold = $483 million.
Leverage? $483 million / $6.3 million Market Cap = 77/1.
Source: Jason Hommel