Post by
brianjames on Jun 17, 2010 5:00pm
By the Numbers
Looks like curent share price is based on Gold being around $800 an oz. Very conservative by my estimates....
443,000 oz (current estimated reserve filed for the company)
$800 per oz
31,000,000 shares outstanding
50% MOA's share
10 - discount factor for cost to operate
443,000 X 800 divided by 31,000,000 divided by 10 = $ 1.14 divided by 2 = .57 cents
If the estimate for oz's goes to 1,000,000......then
1,000,000 X 800 divided by 31,000,000 divided by 10 = $2.58 divided by 2 = $1.29
Just how many oz's are there????
Well......are you willing to wait to find out? If so, you might have waited to long?? LOL
With Gold currently over $1200 an ounce, you can see these are very very conservative estimates.
BJ
Comment by
revelation182 on Jun 18, 2010 9:53am
The ""simple"" beauty of this game Market Activity !!Enjoy Mining Frank Castle $