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
