Snowline Gold Corp V.SGD

Back Filling

[Argentum]

Just as one does especially in drift and raise mining after several wild market days Snowline needs to do a bit of back filling after this metoric rise in the stock price.
I have owned this company since I bought my first 10K at 42 cents US back in November 2021 and even added a couple of thousand more yesterday, to now hold 29,000 shares.
The simple math of at least 35 million oz at $1750, divided by 140 MM shares fully diluted (my estimate) and then priced at just 5 cents on the dollar yields a price of about U$22 per share or a bit over C$28.
So at these prices it would seem to be a slam dunk to be patient and wait out more assays, a lot more drilling and a takeover next year or go into production in two to four years.
Comments, corrections or suggestions welcome
GLTA

[stephangold]

My numbers are a little different Eric Sprott said your value accompany at 20% of the value of the metals in the ground Take 35 million Ounces 20% of that is 7 million ounces now multiply that times 1800 and that's the value Market cap It's in the billions do the math yourself

[megacopper]

  I know I have heard that 20% of in the ground metal value used a lot by people but it's not as simple as that because there are a lot of other factors that enter into the equation. Factors such as the location and available infrastructure. Having to build a road, power and a remote camp add a lot of expense and that is a negative with this one and enters into the equation with

[stephangold]

I'm very impressed you know your stuff I am more shall we say not conservative but I respect what you say hopefully this is on the 30 or 40 million ounces I have another stock Western Alaska minerals the numbers are much higher than these numbers what do you think of that stop Symbol WAM FF The numbers are so huge It's hard to calculate

[megacopper]

  Yeah I am not too familiar with carbonate replacement deposits. I know WAM has a very rich discovery with a lot of in the ground metal value. Another one with a lot of in the ground metal value is ELO which I owned a while back. These deposits with a lot of different metals have more complicated metallurgy. Where the deposit is located makes a huge difference in any potential buyout

[stephangold]

Thank you my good friend most appreciated

[megacopper]

  Hey Stephangold you should ask rediredgeo on the CC board to explain Carbonate Replacement Deposits to you. Tell him Megacopper sent you. He understands them better than most on these bullboards. I don't have a good understanding of those type of deposits. I would like to hear what he thinks of WAM. I know he likes CC. For myself I like the pure gold plays better. 

[stephangold]

Is there any possibility that the company could decide to produce the mine itself

[megacopper]

  That is always a possibility although I think they would rather sell it to the highest bidder. 

[RazorRamone777]

   MEGACOPPER- I find your analysis to be the most accurate I have seen, very rarely is more than $200 per oz in the ground offered. Less in remote areas. GLTA