Welcome To the WIN!!! St. Elias Mines HUB On AGORACOM

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

Free
Message: A little contest

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

Share
New Message
Please login to post a reply