Thank you GWTW for your info. on Level II.
I am about ready to start hitting my head against a wall; somebody help me!
Play my game for a minute and please tell me I am not crazy! (Oh, and be patient!)
-We have invested in a company which has demonstrated that it has around 2 million ounces of economically mineable gold in the ground.
-these ounces, once above ground are currently worth more than $1000 each
-that comes to at least 2 billion dollars before costs
-so let`s say, just to be safe, it costs $500 per ounce to get them out of the ground
-now we are down to 1 billion dollars
-let`s also pay for the mine itself, and let`s make it expensive: $500 million dollars
-that leaves 500 million dollars
-now, let`s divide that up amongst shares, which we will increase to 300 million, just to be really safe
Am I completely out to lunch in thinking that, in my ultra-unfavorable-to-Tyhee scenario, each share would still be worth around $1.66?
I now underline that this scenario disregards
-any increase in the price of gold
-Tyhee finding a single ounce more of gold on their properties
Sorry friends, I do not understand why no one wants this stock.
All the best,
stone