This is my analysis:POG$2,150 AISC$850 Lost Dog recoverable...

This is my analysis:

1		POG	,150
2	AISC	$850
3	Lost Dog recoverable ounces gold	130,000
4	Black Cat recoverable ounces gold	22,000
5	Panther recoverable ounces gold	10,000
6	Shares on Issue including options	3,600,000,000
7	Debentures	$18,000,000
8	Cash on hand	$10,000,000
9	Revenue from options	$27,196,338
10	Tax rate	27.5%
11	Tax credit	$8,000,000
12
13	Pre tax revenue	$210,600,000
14	Plus Current Assets	$220,600,000
15	Plus Options	$247,796,338
16	Less Liabilities	$229,796,338
17
18	Pre tax valuation based on current resources	$0.0638
19	Tax before credits	$57,915,000
20	Tax after credits	$49,915,000
21	Company valuation based on current resources	$179,881,338
22	Post tax valuation based on current resources	$ 0.0500
23
24		Upgrade Value	Company Value	Share Price
25	10% Lost dog pre-tax valuation	$169,000,000
26	10% Lost Dog post-tax valuation	$122,525,000	$302,406,338	$0.084
27	20 % Derisked post-tax valuation of surrounding tenement (130k oz)	$122,525,000	$424,931,338	$0.118
28	30 % Derisked post-tax valuation of surrounding tenement (130k oz)	$122,525,000	$547,456,338	$0.152
29	40 % Derisked post-tax valuation of surrounding tenement (130k oz)	$122,525,000	$669,981,338	$0.186
30	50 % Derisked post-tax valuation of surrounding tenement (130k oz)	$122,525,000	$792,506,338	$0.220
31	60 % Derisked post-tax valuation of surrounding tenement (130k oz)	$122,525,000	$915,031,338	$0.254
32	70 % Derisked post-tax valuation of surrounding tenement (130k oz)	$122,525,000	$1,037,556,338	$0.288
33	80 % Derisked post-tax valuation of surrounding tenement (130k oz)	$122,525,000	$1,160,081,338	$0.322
34	90 % Derisked post-tax valuation of surrounding tenement (130k oz)	$122,525,000	$1,282,606,338	$0.356
35