Soho Resources Corp V.SOH

Old post- valuing a company

[vc7644]

Mr Sinclair from JSMINESET had as a reference:  company with 1 million gold equivalent ozs use to calculate share price.

so the you have

1 million oz of Gold (to start) with $900 price of gold= $900,000,000
the cost of extraction is 300,000,000 BUT since we are uncertain about SOHO and its rugged terrain, let's say double= 600,000,000.  This still leave 300,000,000 divided by 150,000,000 shares outstanding = $2 per share but lets discount this 50%, this will give us $1.00 per share.

Assuming I do not agree with Objective seeing that they are NOT OBJECTIVE...LOL. We can use 500,000 oz of gold, we should still be at .50 cents.


Please compare .50 cents with .125, to me this is a screamming BUY. 


Mr GOLD, Jim Sinclair, says a 1 million oz Gold is substantial to start as he uses this in his explanation. 

We are at the cusp of a major move in GOLD.....within 3 months, we will be over $1000 and juniors will start to move, SOHO including.

[vc7644]

Real numbers:1,500,000 estimated gold equivalent for SOHO X $916  current gold price= $1,374,000,000minus cost of extraction 600,000,000=$774,000,000$774,000,000 divided by 158,947,913 fully diluted shares = $4.86 price per shareDiscount this by 75% because the numbers are crap, you get a price of $1.21. If you discount by 50%, you get $2.43 price per share.Compare $1.21 to .125, sell if