1500m long X 400m wide X 120m deep X Ave specific gravity (2)
= 144,000,000 tonnage ore
X grade (super conservative 1.1g/tonne)
= 158,400,000g/tonne gold
÷34.2857 to get ounces
4,620,000 ounces gold
Takeover target in twelve months when proven reserves, IE
4,620,000 ounces at $3200 an ounce, June 22 2021,
= $14,784,000,000 value in ground
Takeover at 5% of value
= About $750,000,000
Without CR dilution
Equals about $1.09 per share.
All based on my humble predictions and chumfu.
Please DYOR and ignore mine.
Chart, page-232
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