I've updated the "Profile" section with the "Don's" 1 page summary, as well I updated the "Hub Home" with the outstanding shares posted on the SLI Home Page.
They report now as of Feb 28, 2011, there is approx 121 Million fully diluted shares outstanding. Not sure what all this includes, but to be conservative, for the following example, I'm going to say 121 Million plus the 3 Million Options plus the 2.5 Million PP plus 2.5 Million Warrants plus 5 Million Misc (this is just to be extra conservative only)
So lets say after all that we have 134 Million fully diluted shares outstanding (once again, I've added shares just to be conservative)
A X B X C X D X E
A = Volume of the 1 anomally in Million M3 (1800M X 1700M X 1300M) = 3978 Million M3
B = Density of host rock (quartz) usually use 2.7 T/M3 we use 2.5 T/M3
C = Scaling Factor: we will scale our numbers by 68% (so we'll multiply the total by .32)
D = Grams per T estimate (the bulk samples averaged 29 g/T, however, we'll use only 1 g/T)
E = 1OZ/31.1g (there is 31.1 grams in a troy OZ of Gold)
The Result of Gold Estimate, using only 1 anomally, scaled by 68%, and only 1g/T:
3978MM3 X 2.5T/M3 X .32 X 1g/T X 1OZ/31.1g = 102 Million OZ
So, that would then work out to an estimated speculative share price of:
102 Million OZ X $150 per OZ in the ground divided by 134 Million FD O/S shares
SP = $114 per share