HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
Message: When News Finally Arrives...
Assuming that the dip of 300 metres as mentioned by Michael White is recognized and grades to date remain consistent, our share price should be valued within the following ranges:
| WIDTH | 50 | MTRS | ||||
| DEPTH | 120 | MTRS | ||||
| STRIKE | 300 | MTRS | ||||
| 1.8M | CUBIC MTRS | |||||
| SPECIFIC GRAVITY | 4 | 4 | 4 | |||
| TONNAGE | 7.2M | 7.2M | 7.2M | |||
| ROCK VALUE PER TONNE | $ 800.00 | $800.00 | $800.00 | |||
| GROSS METAL VALUE | 5.76B | 5.76B | 5.76B | |||
| NET PRESENT VALUE OF GMV | 10% | 15% | 20% | |||
| 576M | 864M | 1.152B | ||||
| SHARES FULLY DILUTED | 125M | 125M | 125M | |||
| SHARE PRICE | $ 4.61 | $ 6.91 | $ 9.22 | |||
Using a specific gravity of 4.5 (as per John Kaiser) we would have the following:
| WIDTH | 50 | MTRS | ||||
| DEPTH | 120 | MTRS | ||||
| STRIKE | 300 | MTRS | ||||
| 1.8M | CUBIC MTRS | |||||
| SPECIFIC GRAVITY | 4.5 | 4.5 | 4.5 | |||
| TONNAGE | 8.1M | 8.1M | 8.1M | |||
| ROCK VALUE PER TONNE | $ 800.00 | $800.00 | $800.00 | |||
| GROSS METAL VALUE | 6.480B | 6.480B | 6.480B | |||
| NET PRESENT VALUE OF GMV | 10% | 15% | 20% | |||
| 648M | 972M | 1.296B | ||||
| SHARES FULLY DILUTED | 125M | 125M | 125M | |||
| SHARE PRICE | $ 5.18 | $ 7.78 | $ 10.37 | |||
Note: John Kaiser stated "net present value" of 10%-20% of the GMV.
As you can see, we are trading at the low/conservative end of the share price range.
Here's hoping that the next N/R will in fact prove up these varibles and more.
Like most of you, anxiously awaiting for more of the Double Eagle story to be told.
GLTA
Milsy1
40 Recommendations
Loading...
Loading...
New Message
Please
login
to post a reply