GNL great gold mines nl

The presentation i was reading was just before the gold boom at...

  1. 646 Posts.
    The presentation i was reading was just before the gold boom at the end of 2007. If it were revalued now, it would be more. I'll do the math:

    30 million ounces (gold potential on GNL tenements)
    $950,US per ounce (todays price in US dollars)

    30,000000(gold ounces) x 950(dollars per ounce)

    = $28,500,000,000. US dollars

    28 billion US dollars lol. And thats just the gold potential. It still has iron and base metal. And soon uranium. (If hawthorn falls through)
    This is all wishfull thinking in my opinion. If it had that much potential, the SP should be $4 per share or something similar. So somethings not right. But they printed it out in their recent presentation. So i dont know anymore.
 
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