valuation if mzm gets resource of 500000oz, page-3

One more thing, if you want to have anther example.... look at EXM. The difference is this company got 1200M shares issued, which is 30 times more than MZM. Its reserve of gold is around 1M ounce, which is about 5 times. The good thing about MZM is its issued capital is small. If we are lucky to hit 1M ounce like EXM, imagine the same amount of reserve is share by 30 times less amount of poeple. This will tell you how much potential we have because of the size. I have done enough research to know the valuation of share price, but i can tell you the grade for jubilee is not good given the response by the shareholders current reaction. Hopefully we have better luck on 5 way pit.