Value of gold in the ground per share.Hi The share price should and could be calculated in part by adding the number of oz of gold
in the ground devided by the number of shares and warrants .
A good co (or management )will increase the number of ounces in the ground faster than the no of shares.
Just for understanding purpose If Abcourt had +- 300m shares a year ago and now has 695m shares and +- 395m wt for a total 695m shares + 395m wt = 1,09B shares that would almost mean the no of shares and wt is 4 time more than than a year ago.
Now for the number of oz in the ground , has it increased by 4 just to keep the value of gold in the ground equal to what it was in the past for old share holders.
So if the no of oz in the ground has not multiplied by 4 175k x 4 = 700k oz in the ground we are loosing value .
I would estimate that we have lost at least 50% of the value of gold in the ground per share.
Maybe i drink too much or this is the only time for me to continue to evaluate the value of our shares .
Fernand