GRZ in ground Value per Share Data from updated 43-101 (2008Mar25)
Not accounting for operating costs, royalties, taxes and subjective (Chavez?) discounts or other metals.
Gold Price/oz. $600 $800 $1000 $1000-270 Oper.
Copper price/lb. $3.00 $3.50 $4.00 $4.00
Gold in ground(oz.) 10,200,000
Copper in ground(lb.) 1,400,000,000
Using recovery: 83%Cu, 82%Au
Recoverable gold(oz.) 8,364,000
Recoverable copper(lb.) 1,162,000,000
Gold value $5,018,400,000 $6,691,200,000 $8,364,000,000 $6,105,720,000
Copper value $3,486,000,000 $4,067,000,000 $4,664,600,000 $4,664,600,000
Total Metal Value $8,504,400,000 $10,758,200,000 $13,028,600,000 $10,770,320,000
Number of Shares 71,000,000
Value per share $119.78 $151.52 $183.50 $151.69 Proc.
Consider:
Take from the gold price operating cost of about $270 and you have processed value.
Take away from that about 50% for royalties/taxes etc. and you have net profit of $75.84
Then there is that Chavez/Venezuela discount? Should it be $70?