Next Phase for KGD, page-66

Based on The Gold reserves and their $$$$$... The current market cap is ridiculously low. I made some calculation to make a fair estimate of what the share price should be using the estimated Gold reserve. I hope someone can see what i am trying to understand here

	Column 1	Column 2	Column 3	Column 4
1	Current Share price/market
2	Total Ord.shares	Current SP	current market cap. $9.8 millions
3	31700000
4
5		Value of Each ounce based on current market Cap (ridiculously undervalued)-	$4.50
6
7	what the SP should be Based On Current Reserve 2.1millions Ounces of Gold
8			2.1millions ounces x $1100 per ounce, total value is $2.3 billions
9	Ord.shares	Estimated SP based on Total Gold ounces $4 to $7
10	317000000
11
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