our resource and sums

Some (Maybe) conservative sum’s


530,000 x $900 US = 477 Mill. Current resource value.
Now cash costs taken for several Australian Gold Miners on average varied between $318 -$524 per Oz. Lowest was actually $284.Highest was just over $600.(Increases in Oil per barrel and labour costs could increase this dramatically over the coming years.)
Instead of taking the lowest, I shall take the highest of averages but not the extreme high above $600.So I shall use $524.

900 – (cost)$524 = $376>>> $376 X 530000 Oz = $199 Mill US
If with Rising Sun, NN west and more we raise our JORC to 2 mill Oz
This is $376 x 2,000,000 = $752 Mill US

Now if we say we have high grades like we do, can’t we honestly consider our cash costs for getting the gold out of the ground to be less.
If we do the same sum’s for let’s say $420 cost ( Midway)
And we achieve 2,000,000 Oz
(900 - 420) = $480 x 2,000,000 = $960 Mill US.

( We have a market Cap of 50 Mill with the potential of a 1.8 Billion dollar resource)
I also understand we have 1.9 Billion shares .

Does this mean TC has a potential for nearly 1 Billion in dollars after costs.

None of this includes the Rumour of the in excess of 2 – 2.5 Mill Oz 2 Tenant Creek or the Tanami or Marla areas

Please be aware I am being highly speculative in throwing around these figures.
This is highly speculative,as gold explorer's often are. But I think to hold or accumulate based on the potential is valid.

I have several speccys like this in my portfolio, but also have the likes of BHP, MQG and ASL.
I have taken a punt on this one due to the potential upside, It currently makes up 40% of Portfolio which may be STUPID on my part. But I have learn’t that those who take no risk at all get no where at all.
I am in @.0226 now ( I was in @ .041 before uping my holding by 5 times at .019)
I wished to disclose this as I have Speculative faith that Excalibur will take it's genuine followers somewhere exciting in the future.

Please lead me in the right direction if I have stuffed this up.....
I expect knockers so let it role

Regards Simob.