<<Doing the math, assuming $300 gold:
130,800,000*.014*($300-$120) = $330 million in gold profits just waiting to be claimed by this $15 million
company. But apparently the company is way too busy to proceed with the excavation process. Or something.
lol. Can somebody explain the difference between blind trust and stupidity?>>
It takes time to dig it all out. You neglected to take the time value of money into account, making the present value somewhat less than you stated. The actual value would depend to a large extent upon the cost of financing the project, and the life of the mine.
According to Ralph Ulm, they've already started digging up some of the ore. Presumably when MDIN has enough ore in inventory, they will begin shipping it to the Enami refinery for smelting.
<<
Let's see....$330 million / 40 million shares....That's $8.25 a share!
Maybe even $9 if there's a share buyback first! <g>
And this is only ONE property! Forget it, I'm buying a Porsche tomorrow. I have FOUND the money
tree :)>>
Glad to hear you've found your money tree, and realized a fraction of the potential value of this issue. BTW, you forgot about the potential for a short squeeze, as well.
And you spell better than Ancil, too... ;-)
Just MHO.
--James |
