Below is the end of month value of our gold and silver resource. The total value of just the gold and silver when including potential is now $41.963 billion. The lead and zinc are probably another $5 billion. Thanks to the last second smash in our share price, our market cap is $237.34 million. The leverage of our resource to market cap is now 176.8. Either 1.) ECU is a fraud, 2.) the stock markets are corrupt, or 3.) ECU is the buy of the century. I am going with item nos. 2 and 3. If we were valued at 5% of resource, which at these metal prices is not unreasonable, our market cap would be $2.098 billion which is $6.81/share.
| Category |
Gold Ounces |
Silver Ounces |
Gold Value |
Silver Value |
Total Value |
| |
|
|
$1565.7/oz |
$47.94/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 |
$9.153 Bil |
$20.568 Bil |
$29.721 Bil |
| |
|
|
|
|
|
| (1 + 3) |
7,827,021 |
619,697,196 |
$12.255 Bil |
$29.708 Bil |
$41.963 Bil |
