Re: Please correct me if I am wrong chromite value per share numbers.

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)

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Relic53

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Re: Please correct me if I am wrong chromite value per share numbers.

posted on Sep 14, 2008 10:36AM

Using your calculations with the lower price of $450 per ton and this could fluctuate up to $650 we get the following:

60,000,000 cr2o3/tonne x $450 = $27,000,000,000

2,700,000,000

If we gave a discount say a worth of 10% of total it would be divided by 132,800,000 fully dilluted shares = $20.33 per share just for Chrome

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