Just doing some off the cuff calculations of the Oro Fino vein according to PQ's estimates in the interview graciously shared with us by Gumby.
2000 ft. x 12000 ft. x 3 ft. (3 ft. is a conservative estimate, as width was not given by PQ)
Lets give the vein an average AU gpt of 5.5 and AG gpt of 30.
Based upon the measurements given above, the following can be deduced:
Tonnes of Ore = 18,281,250
Gold @$1600 = 3,232,657 ounces =$5,172,250,822
Silver @$30 =17,632,673 ounces = $528,980,198
Total = $5,701,231,020
Total In Situ $/Share = $17.28 (330,000,000 shares)
Possible conservative buyout estimates:
Discounted to 3% = .52 share
Discounted to 5% = .86 share
Discounted to 10% = 1.73 share
These estimates are very conservative all the way up and down the line. If we were to hit a big hole when the drilling begins, a real newsmaker, such as the historical data shows, all these figures go up exponentially.With the announcement of good drill results, with the massive amount of infrastructure already in place, in a mine friendly jurisdiction like Idaho, I think a major would pay quite a bit more than 10% in situ value for this gem. I'm only talking about 1 vein also (Oro Fino). All of the sudden $5 to $10 sounds more and more realistic.
Of course at $5, I'll probably be dead in 4 days. It'll be a pretty good 4 days nonetheless.
Please feel free to comment on my mathematics. (Anton this means you too)
Have yourselves a Merry Lil' ole Christmas,
ag
