KAL 0.00% 2.4¢ kalgoorlie gold mining limited

fundamental analysis, page-15

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    I was doing a bit of reading on extraction costs.. There is no easy way to figure out what it will cost KAL for the extraction however the average is $238 per troy ounce.

    This was taken from http://en.wikipedia.org/wiki/Gold

    So GOLDPRICE - $238 (extraction cost) * 1.2million ounces = estimated value.

    Would this be the correct assumption?
 
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