it was calculated by taking a very conservative base estimate of 80mmbo recoverable from this site, and using the oldest and truest rule of thumb, that in ground reserves are worth approximately 1/3rd of their value as if they were sold directly to market today.
but the reality is, after the flow testing of Amistad, and then Alameda and Marti….
it will be a lot more than 80mmbo. It could easily be 200mmbo.
maybe 300. Maybe 500.
so that conservative estimate of somewhere like 80 cents per share is exactly that; conservative.
I made that table to show people just how big a deal this thing is going to be. I will not sell a single share below $1.
it was calculated by taking a very conservative base estimate of...
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