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Revision History For: International Freegold *** Seriously Undervalued???

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Greetings,

Just wanted to give my opinion on a stock which I believe to be seriously undervalued. International Freegold (ITF:VSE) holds an option to earn 60% of the Almaden project in Nevada, which has gold reserves of approx. 900,000 ounces. If one assigns a value of $50 dollars an ounce for gold in the ground, this works out to around 45 million. Sixty percent of 45 million, would be 27 million which divided by ITF's 8.5 million shares outstanding, would make the shares worth approx. 3.30 per share. Add to this the fact that ITF has 4.5 million in working capital and no debt, this stock should be trading WAY, WAY HIGHER!!!!!!

Opinions, Anyone??????????
Joe Veres