You're on, Señor Wiebe. Couldn't pick a better man to have a friendly fun little wager with. Whichever way it goes, I'm happy. Although I hope you lose. Not that your $20 will matter much if my shares are worth $5. :-))))

~snez

I'm gonna go big or go home:

My assumptions:

1) We will "prove up" (at least to the market) that we have 100MT of ore (see http://goldenhopemines.com/userfiles/file/Presentation2010.pdf page 17)

2) The average grade will be between 4 and 5 g/tonne (We have read here that Tilsley believes the avg grade will come in at closer to 4 or 5 g/t or higher.

3) GNH will receive $90/oz in the ground

4) Further private placements and such will dilute the share base by another 40,000,000 shares in the short term to give us 170,000,000 shares fully diluted. (total guess)


So...

= 100,000,000 tonnes

X 4.5 g/tonne
= 450,000,000g

divided by 31
= 14.5 million oz of gold

X $90/oz
= $1,306,451,612

divided by
170 million shares

= $7.69/share