I had only been posting this table at the end of each month, but since we have exceeded $30 billion, I thought I would post it again. The value of our resource has gone up $3.3 billion this month while our stock price has been held down by the bankers. Maybe they are hoping they can get ECU to hedge a few million ounces. At a 5% resouce value our market cap would be $1.555 billion which since we have 308.2 million shares would put us at $5.04 a share. It will come, the bankers are just playing cat and mouse with us, but the massive suphide drilling in a couple of months and higher silver price will blow them out of the game.
Category |
Gold Ounces |
Silver Ounces |
Gold Value |
Silver Value |
Total Value |
|
|
|
$1388.30/oz |
$32.64/oz |
|
Measured, Indicated |
|
|
|
|
|
and Inferred (1) |
2,052,000 |
151,528,000 |
|
|
|
|
|
|
|
|
|
Min Potential (2) |
3,793,838 |
277,499,807 |
|
|
|
|
|
|
|
|
|
Max Potential (3) |
5,775,021 |
468,169,196 |
|
|
|
|
|
|
|
|
|
(1 + 2) |
5,845,838 |
429,027,807 |
$8.116 Bil |
$14.003 Bil |
$22.119 Bil |
|
|
|
|
|
|
(1 + 3) |
7,827,021 |
619,697,196 |
$10.866 Bil |
$20.227 Bil |
$31.093 Bil |