my 5g estimation
posted on
Jul 17, 2011 08:33PM
well no one else wants to try so heres my calculations as accurate or inaccurate as they may be lol...
if we figure the 1000m cube of earth at one g/ton gives us 73 700 000oz ... change to grams so... x 31.2g= 2299440000g.. now lets have some fun and say 5g/t ...so x 5= 11497200000 grams now back to oz... \31.2= 368500000oz . now say we get 400$/oz in the ground. so x 400= 147400000000$ now divide by approx 118000000 shares and we get $1249/share... i hope i have done these calculations correctly.
so to recap this would be based on 5 grams per ton and $400 paid per oz in the ground..divided amoung 118000000 shares(not sure of the total shares with the recent options) WOW 1249/share??!!! wow seems outrageous but unless my math is wrong thats the number i came up with.. if someone could verify it that would be great.