Loki01Solid attempt, but really there are some differences...

Loki01

Solid attempt, but really there are some differences between deposits which can cause large changes in the numbers. So by all means do this kind of analysis, but do not get carried away. A lot of slop, as in essence you are dealing with possible ranges for each of the variables. Obviously one of the inputs is gold price for instance.

So another way of looking at it is to see whose moving their feet, who are in the know,who are experienced, and which way they are moving their feet and which way they are voting with their money

So notes

1. Directors putting $ in. Worth noting these guys have been around. Ron Renton was the overseer of AngloGolds Mining ops world wide for instance.
2. Some of the larger investors putting in some more
3. There are some trading patterns which suggest there is a smart acquirer who is prob an insto, or could be a company?? which is stealthily buying,

So hard to imagine all this happening, in ignorance or as a loss making act of goodwill.

So, yes play with the figures, but there are other experienced people, wih more access to the right figures who are acting in a simialr manner....putting their money on the table.

I think Xmas is continuing for some (new) investors...