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Message: Oromin...

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Mallard

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Re: Oromin Burn Rate...

in response to Re: Oromin Burn Rate... by goldn1

posted on Oct 09, 08 12:37PM

Burn rate or not, I still have a question about the value of the gold play. If you take 10 mil ounces of gold times $900 you get $9 bil.. That could be the total value of the gold. If you use a dividend of $20 a share times 80 million shares you would get $1.6 billion which is 17% of 9 bil.. Is 17% of the total value of the project too much to expect? I have spent a couple of days trying to find out what the typical Jr exploration company gets for finding gold on a per ounce basis.

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