What is Kimber Resources worth?

Here's a "back of the napkin" stab at it that does not pretend to be an accurate analysis but just a rough picture.

Kimber has proved up just under 2M oz. of gold or gold equivalent. They use a 75 to 1 silver ratio to generate the gold equivalent. The number is presently closer to 50 and could well drop to 20; but we'll just ignore that altogether. Note that almost 80 percent of the above resources are in the measured and indicated catagories rather than the inferred category.

According to the Ben Abelson article (April 28? article on Resource Investor) the deep drilling results which have just begun coming in could lead to a doubling of those resources.

Now let's see 2M X 2 = 4M possible/likely oz. of resource valued at $1000/oz. = $4,000,000,000 (thought I'd put in all the appropriate the zeros in for that figure) divided by 2 (for approximate mining costs @ $500/oz.) and further divided by 65M+ shares fully diluted = $30.77 per share. I think the only thing I left out was the nearly 50,000 hectares of additionally owned properties which haven't been seriously explored with modern mining methods. So there is more than a little "BLUE SKY" potential out there.

Oh yes, one more thing...most gold analysts have the eventual price of gold at somewhere between $1500 - $3500/oz. Of course mining costs would go up nearly proportionately (50%) with the gold price increase because energy will continue to be very expensive.

At $1.60/share I'd like to buy more but I'm already "all in."

P.

p.s. I forgot to mention that every government on earth is also wildly inflating their paper currencies at this time; but that's more a commentary on gold's price than Kimber's properties.