RE:KozmoTlechmeir wrote: I think my numbers are pretty subdued.
Sadly, I'm too late to retire early. I'm not too late to retire though...
I'm in the same boat lechmeir, sixty six and hopefully counting a lot more.
Speaking of counting.......with your numbers, lets just say we had the 3 grams per ton on the 2600m, which you point out is 40Moz, and which I truly believe is possible given the high amount of over 20 grams per ton there is.
So what about we say 1.5 grams per ton over the 5km length. I think that is very conservative, which you prefer.
Doing that calculation would still make it 40Moz (I just doubled).
40,000,000 ozs x $2000 (can) = $80,000,000,000
Typically a company can get 10% of that.....(according to what I read on the web)
$80,000,000,000 x .10 = $8,000,000,000
Divide by the 61.4M shares
$8,000,000,000 / 61,400,000 = CAN$130.29 per share.
Being very conservative again, if we get 13% due to the upside of unmeasured resources, we get:
$80,000,000,000 x .13 = $10,400,000,000
Divide by the 61.4M shares
$10,400,000,000 / 61,400,000 = CAN$169.38 per share.
That's damn close to the $178.50 that I have been saying we'd get on all the other methods I have shown previously.
All in my humble opinion of course.