I don't want to beat this to death, but I never & I don't think anyone else was ever banking on $800 per OZ. I'm banking on $150 per OZ, always was, and always will. But, the Facts from the past say that the past 4 takeouts, that I used was $769 based on todays gold prices. I know you're 100% correct, about all the silver, copper, future potential, etc, that's why I always like $150 per OZ, however, when our story is all said & done, I think we'll have lots of that extra potential we're not even counting. Anyway, here was the 4 examples, (approx, and the only reason I continue to add Aurelian, because it's over 3 years old, is simply to drive the price down, as this story seems to show the shareholders sold way too early):
Fronteer (approx $540 per OZ)
Ventana (approx $400 per OZ)
Andean (approx $1400 per OZ)
Aurelian (approx $87 per OZ)
The average gold price at all these takeout times was approx $1238 per OZ, so adjusted to todays gold price, I got $769 per OZ in the ground. Facts only!
However, I'll still always only use $150 per OZ in the ground, and only 1g/T, and always scale it by 68%. Don't think I'll be disappointed using all these figures.
Bow2u
