The Gluckstein & Silverspoon had an average Gold in the ground price of $129.57 from the 7 examples of takeouts from 2007-2010, in the June 22, 2010 Report. It's hard to tell exactly, but I'd say from this graph below, the average gold price for the last 3 years is approx $1000.00. So, gold in the ground average of $129.57 @ $1000.00, would equal $181.40 @ $1400.00 (year end prediction price) So, lets do some math on these numbers. Lets assume the average of the Anomally from only 1st stage of Titan 24, is 3 grams/T (approx 1/10 of the average bulk sampling)
4/3 X 3.14 X 1/8 X 1450M X 450M X 400M X 2.5T/M3 X 3g/T X 1OZ/31.1g X $181.40/OZ divided by approx 110,000,000 shares
This would equal $ 54.32 per share
Bottom line, this might be dreaming, but, 3g/T hopefully is a conservative number, and this is only the anomally from the 1st stage of the survey. Not counting anything else, nothing deeper & nothing bigger. Looking very forward to our future on this very exciting play!
3 Year