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Bullboard - Stock Discussion Forum Cadillac Mining Corporation CQXFF

Metals & Mining Industrial Metals & Minerals

GREY:CQXFF - Post Discussion

Cadillac Mining Corporation > Ounce Potential
View:
Post by Chinook3 on Feb 22, 2012 2:37pm

Ounce Potential

The existing structure could host 115,000,000 tons. If five percent is mineralized at 1.17 grams/tonne (average grade reported yesterday) the target would contain 220,080 ounces.

At
.25 per share, with 31.5 million shares fully diluted, that is $36 per exploration ounce.

This is one of fifteen targets.

This looks cheap on a comparable basis.

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Cadillac Mining Corporation