Developing Bellechasse-­Timmins Gold Deposit

New Discovery Resulting in a 20KM Mineralized Gold Belt

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Message: Re: Jay Taylor--Golden Hope Mines
27
Aug 16, 2010 04:20PM
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Aug 16, 2010 09:07PM

Just some (very) rough calculations to explain why I say about a third of 100MT:

30MT @ 1g/t = 30M grams / 31.1 = 964,630 troy ounces

964,630 oz * 75$/oz = 72,347,266$ / 130 M shares = just over $0.55

Rough, but just an estimation. The market can't possibly be expected to grab onto this idea of 3 g/t or even 2 until it's official. I think it will be. The question is when. I don't mind waiting. Do you?

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