RE:RE:Gold Price Hits New High …$3930 CADDPM with a market cap of $2,5 billion has Reserves of 5.8 million ounces and produces 200,000 ounces per year.
Remove $700 million in cash and its producing Reserves are valued at about $290 cad of market cap per ounce of reserves.
That is 4 times that value of those 7 million ounces of QWN in the Ground.
Getting those ounces out if the ground through mining has a huge impact on the market cap.
I am fully confident that Eric will heed his own message..