Welcome to the Evolving Gold Free HUB On AGORACOM
Evolving Gold is focused on exploring its significant discovery at Rattlesnake Hills, Wyoming, an alkalic gold system, similar to the Cripple Creek gold district in Colorado, and on gold properties adjacent to the Carlin district of Nevada.
  • Demo Video
  • Private Messages
  • Edit My Profile
  • View/Edit Portfolio

AGORACOM News Flash


AGORACOM WIRE .... WEEKEND EDITION

TOP STORY .... AGORACOM Launches GraphiteStocksBlog.com

We're proud to announce the launch of GraphiteStocksBlog.com a website dedicated to the needs of investors and companies in the fast growing Graphite industry.

INAUGURAL GRAPHITE SPONSORS

 

AGORACOM INTERVIEWS ERIC SPROTT: Eric Discusses UC Resources $1.5M Investment INTO Sprott + Current And Future Silver Path

Message: 20 Million Ounces

Stringio
Rank: [?]
Vice President
Points: [?]
880
Rating: [?]
Votes: 49 Score: 3.6
  • Currently 3.7/5 Stars.
Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.

Re: 20 Million Ounces

in response to 20 Million Ounces by MrMate
posted on Nov 06, 09 02:49PM

I think all he is saying is that the system is very similar to Cripple Creek. There is no reason to think that we have 20 million ounces or anywhere close to that but, we may one day find that we do. Rough calculations and I stress rough because, there is no way to know with any precision using what has been released, shows that we have somewhere between 2 million and 5 million ounces.

Based on the top end of 5 million ounces and $1200 gold we can guess at where our future value could be.

5,000,000 ounces X $1200 = $6,000,000,000 / 91,000,000 shares = $65.93

Take an insitu value is somewhere in the range of 10-40% of the total deposit value. There are many factors at play here.

65.93x.1= $6.59/share

65.93x.25=$16.48/share

Note: this situation is based on a buyout and only considers RSH.

We would need some pretty amazing results from the last few sets of asseys to prove 5,000,000 ounces but, depending on if and how the North Stock and Antelope Basin connect it is possible.

Use 20,000,000 ounces and 40% insitu value and we get something that we aren't even close to discussing.

All of this at this point is just a fun GAME.

Pivotal

New Message

Please login to post a reply

AGORACOM Quick Tips

250,000 oz of Gold in Past Production ... Learn More!

President's D.D.

New feature: Hub Presidents can add important links here.

Hub Leaders