Golden Hope Mines

Golden Hope Mines Limited is a junior mining company trading on the TSX Venture Exchange under the symbol GNH and on the Pink Sheets in the U.S. under the symbol GOLHF.

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Tonnage, ounces, shareprice

Golden Hope Mines

about 14 years ago

In my back-of-the-envelope calculation yesterday

http://agoracom.com/ir/GoldenHope/forums/discussion/topics/428867-short-term-tonnage-potential/messages/1404905#message

I was a little more conservative ($ 50 per ounce in the ground, ounces rounded) and came up with a shareprice target of $ 2.31:

According to latest presentation they anticipate a short term (whatever that means) tonnage potential of 100Mt !

100Mt @ 2 g/t = 200M g Au / 33 = 6M oz Au !!!

6M oz @ $ 50 oz = $ 300M marketcap (conservative)

$ 300M marketcap / 130M shares fd = $ 2.31 / share !

Although conservative in terms of price per ounce in the ground for this type of deposit in mining friendly Quebec, I think the 100Mt target is very aggressive (at least if we talk about the next 12 month).

But I´m up for surprises any time !

FANTOMAS