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Message: whats gold worth

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rico

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Re: whats gold worth

in response to Re: whats gold worth by buygas

posted on Oct 17, 07 05:38PM

buygas,todays market cap for kxl is $158 million so 1 million oz in ground would be valued at $150 million at $150/oz. If this is close then the market is valuing caribou plus otish at next to nothing.This would lead you to believe that there is still a lot of upside especially if there is more than 1 million oz in ground. I saw the same situation with Dynatec where early on the company was valued only on its shares of fnx and nothing for Ambatovy.Then Sherrit bought Dynatec to get Ambatovy!

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