what is it worth, page-29

Hi Greedygekko, risk control and scaring yourself are different things. MC = cash backing?

What kind of cash do you talk about? Cash in the bank? Cash for exploration? Cash to prepare to close the door? Cash to confirm the asset more than the cash in value?

You seem prepare for some desasters like those in the Great Depression in 1929? Do you qualify to prepare for these desasters? I am not qualified. I guess I need a lot of gold in my safety box if I have one and the box should be big enough for another 10 years. If this kind of disasters happened I will struggle to find new way for my life and I could not use what I have got for so bad future.

If no this kind of disastrers, the opportunities with affordable risks are kings to me, which may open the door to make qualify to fact the disasters you worry.

IMHO MC = asset + cash - debts + profit stream per year - depreciation + opportunity premium and so on and depend what you are playing with and what your purposes.

Your formula is too simple and could mislead you.