Steve was this your opinion based on your own DD? Or were you taking advice from a professional when you post this share value calculation ?
Ok, before anyone reads this and yells pumper from the hill tops let me clarify a few things. I am using ASSUMPTIONS and I have them listed. In addition to those assumptions I have NOT scaled anything down to account for the rounded corners of the anomaly etc. The reason is that the giant anomaly has a rather large sister that I am ignoring and the little sister has 19 babies that are near surface and are also ignored. So, while I do not use scaling I am ignoring a very large portion of the property containing anomalies that are associated with gold samples.So, drum roll please:===================Calculation of resource:Assumptions:Volume = 5905’ (feet)*5577’*4265’ = 9363717935 tonsDensity = 15 cubic feet per tonScaling = Not used as this anomaly does not cover the entire propertyGrade = 0.03215075 Oz/t averageTotal ounces housed on property301,050,522 Oz===================Calculation of Value:Assumption #1$100 per ounce in the ground – this figure has been used for years and was used when gold was valued under $500 per ounce.Value = $30,105,052,200Assuming 121 million shares outstanding:Value per share = $248.80Assumption #2$1300 per ounce in the ground – Andean was taken out for this amount based on expectations of a lot more gold to be found.Value = $391,365,678,600Assuming 121 million shares outstanding:Value per share = $3234.43
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