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AGORACOM WIRE - WEDNESDAY MAY 30TH, 2012

GOLDEN HOPE MINES (TSXV:GNH) Confirms High Grade Intersection of 64.1 g/t Au (Gold) over 1m Read More

The screen metallic analysis returned 82 g/t Au for an average grade of 93.5 g/t Au.
Two additional fire assays on the original pulp done prior to the screen metallic analyses returned 0.22 g/t Au and 0.12 g/t Au for an average fire assay grade of 0.41 g/t Au. The weighted average of all the fire assays and screen metallic assays from this 1-metre section in hole BD2011-184 is 64.1 g/t Au.

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CONTINENTAL ENERGY Geothermal Energy Project Receives US$ 11.5 Million Grant Read More * Client

AGORACOM Launches Graphite Stocks Blog

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longbomb

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Re: copper price / Onoman / SGX share price

in response to copper price / Onoman / SGX share price by BrooHa

posted on Jun 02, 09 02:27PM

good question BrooHa ..... you would think at some point it has to be recognized.

With the recent Onaman resource #'s and current prices I come up with this gross value:

Copper - $141 mil, Gold - $33 mil, Silver - $35 mil = $209 m gross,

I estimate $75 mil to cover all costs, leaving $134 mil net. Two months ago at the time of the resource NR the net was only $91 mil. Obviously the values can swing quickly.

Even quicker with more tons involved. Minimal drilling need to expand tonnage. Hidden away in the back pocket is a Ni/Cu deposit at Jacobus south with a historic estimate of 1 mill tons ..... more likely to be 3 - 5 tons now after the drilling in 2007. SGX elected not to have a 43-101 done there yet.

I have heard (as most of you have) that resource in the ground should be devalued at 10%. I don't know how true or accurate that is.... input welcome.

But when I look at $134 mil, I see that as being 15X more than our current market cap.

still Longbomb

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