Not sure if my numbers are right but according to recent release probable reserve was 25.9 Moz. Lets assume a 30% haircut with lower grades gives a probable of 18 Moz. A reasonable valuation would be 20% of reserve or 3.6 Moz at a hedged price of $29.60 = $106560000 divided by shares outstanding of approx 240 Mill = share price of .445 so .345 seems a litte overdone.
Not sure if my numbers are right but according to recent release...
-
- There are more pages in this discussion • 48 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
