RE:RE:RE:RE:RE:RE:RE:simple calculationLots of potential here we all agree however the statement in the press release cannot be taken as fact or real valuation. [Contingent payments calculated based on the inferred, indicated and measured gold mineral resources identified in the areas of land which are covered by the Licenses (the "Licence Area") up to an aggregate amount of US$45,000,000]
SHOULD Barrick find gold on these other parcels THEN Tembo would qualify to be the benefactor of up to $45M. Barrick does not have any inferred or otherwise so although it is a great royalty to have, it is still not anything that a valuation can be based upon and hence when looking at the value of the company and translating that to a share valuation, the $45M cannot be included. Current valuation is only on the $9M plus what ever is in the bank but mostly is a market cap based on what the market is willing to pay TIMES the number of shares outstanging. Today it is 25c. WIth good results from drilling the excitement will drive up share price and hence market cap. The need to get a lot further in defining an inferred or indicated first.
Keep the faith, a good one for sure but patience is a must.