9 bucks to mine an oz of gold!!!, page-10

Hi cyclops, I think your figures are over optimistic . The Jan 02 Hambros report says , prior to the latest watering down that they had only 85% of the project , if this is correct then they now have 85 % - 26 % = 59% . The market cap has already run away and is now $25 million + Looks as if the fully valued share price on the figures which you have used should be no greater than 12.6 cents and that is high because it ignores the tax charges.The chart also shows the shares are high, with high volume and vulnerable to a pullback , especially as someone has already said that there were plenty of shares accumulated at 5 cents and it might be best to wait for lower prices before commiting funds.
Best wishes
B2
B2