Am I reading this release properly?
Indicated
1,834,000(t) X $515 = $944,510,000
Inferred
1,087,000(t) X $614 = $667,418,000
Total resource net smelter value, indicated and inferred
= $1,611,928,000(NOT’S profit)
Now divide this by the estimated fully diluted shares of I believe around 138 million.
1,611,928,000 = $11.68 net smelter revenue(NSR)
If I understand this properly this is after all costs, other than governmental licensing etc.
Wow this is big. In this case, this is clearly grade, grade, grade. And with the drill, drill, drill we are going to be in for 1 big ride some where in the next 3-12 months.