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Revision History For: Amarillo Gold

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The Company has property with 726,000 ounces at 1.77 g/ton. They have to pay $450K to Metallica. Fully diluted with options and warrants, there is about 15 million shares. With these warrants, the payment to Metallica is done. Therefore if we use the current market price of 35 cents the company is worth 5.25 million CDN or 4 million US. Or trading at $5US per ounce in the ground. Much upside here if companies are trading at $40 per ounce in the ground.


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