Re: A little contest
in response to
by
posted on
Mar 06, 2014 11:41PM
Keep in mind, the opinions on this site are for the most part speculation and are not necessarily the opinions of the company WITHOUT PREJUDICE
Well Bow, although I admire your mathematical skills, I pretty much relied on these figures to guide me towards my investment. I think one of the twins wrote this (?)
Ok, before anyone reads this and yells pumper from the hill tops let me clarify a few things. I am using ASSUMPTIONS and I have them listed. In addition to those assumptions I have NOT scaled anything down to account for the rounded corners of the anomaly etc. The reason is that the giant anomaly has a rather large sister that I am ignoring and the little sister has 19 babies that are near surface and are also ignored. So, while I do not use scaling I am ignoring a very large portion of the property containing anomalies that are associated with gold samples.
So, drum roll please:
===================
Calculation of resource:
Assumptions:
Volume = 5905’ (feet)*5577’*4265’ = 9363717935 tons
Density = 15 cubic feet per ton
Scaling = Not used as this anomaly does not cover the entire property
Grade = 0.03215075 Oz/t average
Total ounces housed on property
301,050,522 Oz
===================
Calculation of Value:
Assumption #1
$100 per ounce in the ground – this figure has been used for years and was used when gold was valued under $500 per ounce.
Value = $30,105,052,200
Assuming 121 million shares outstanding:
Value per share = $248.80
Assumption #2
$1300 per ounce in the ground – Andean was taken out for this amount based on expectations of a lot more gold to be found.
Value = $391,365,678,600
Assuming 121 million shares outstanding:
Value per share = $3234.43