RE:RE:RE:RE:RE:RE:How many GEO's?Because those that say $2 are not the brightest bulbs or at least lack the ability to do any DD on their own. Calculating a Buyout number is fairly straight forward in that you multiply $300/ounce times the number of GEO’s and divide by the number of shares.
10 million x $300US / 265 million = $11/share US or $15 Cdn
15 million x $300us / 265 million = $17/share US or $22.75 Cdn
Do dumb math backwards
$2 Cnd or $1.48 US X 265 million / $300 = 1.3 million GEO’s
As noted many, many times before, the goal was 10M GEO’s in a 1km X 3km zone and that zone has expanded. The latest extensions may or may not be included in the 2.5 km x 6 km strike zone as reported at the AGM last year. Even if it does include this latest extension of almost 1 km (600 m + 320m) the 2.5x 6 km is now 15 sq km or 5 times the size of the original A-Zone Target Area. So even if the GEO’s per tonne are cut in half they are still multiplied by 5. 10 cut in half is 5 times 5 is 25 M GEO’s. Just need to know the total GEO's
I tend to have more faith in Cynthia than the $2 idiots. She isn't going to waste her time doing more exploration to expand a zone, if they have only found a 10th of her goal in 5 times the area after 14+ years.
A quick note on volume. We did 5 Million share in the past two weeks. We only did 4 million in the previous 2 months