Share pricing and how i got there!
posted on
Sep 17, 2010 10:17AM
Many analysts are saying northamerican multi million ounce deposits could go for 200 to 300 an ounce based on current and future prices of gold as well as supply and demand issues. Now based on just 2 million ounces and a buyout of 200 dollars an ounce we arrive at a 400 million divided by 159 million shares fully diluted brings us to share price of 2.51 now we all know this is shaping up to be way over 2 million ounces and a buyout could be for more I doubt less this would be fair pricing for a large deposit based on this I'm no longer impatient!