takeover?, page-2

What's it worth? What someone is willing to pay for it and not a penny more.

If you have 1 billion shares on issue, I know, it's under that, by the time all the options are exercised and additional shares issued for capital, it will be near that.

Lets just say that there is 10mil ounces, lets also say that the profit on each ounce is $500, then each share is worth $5.

Take 10% as the gold is in the ground, therefor I'd suggest you'd be looking at 60 cents.

Whilst I'm just as frustrated as others with the extrodinarily slow process, they do have a decline, they are starting to move to extraction, I'm hoping that they do start meeting the targets.

I really don't want a take over, for me this is a retirement funding share.

I've been a shareholder now for too many years, heard too many stories, still holding on as physical work is being performed, whilst I can see changes at the mine, then I'll continue to hold. I really beleive that the gold is there, just a case of getting out of the ground.

Cheers,

Foxlowe.

P.S. As an after thought, using the sums above, if they do have 50 mil oz, with the same maths, the shares are worth $25 each in profit!