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Strategies & Market Trends : Ride the Tiger with CD
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To: TheSlowLane who wrote (66067)11/12/2006 11:07:07 AM
From: dara   of 312733
 
I always like doing the back-of-the-envelope calculation with AGC using their historic (non NI 43-101 compliant) resource at Mara Rosa.

700,000 oz x $60(10% of POG) = US$42,000,000
x 1.1324 (to convert to Cdn) = Cdn$47,560,800
/34.2 million shares = $1.39
Cdn$1.39 value per share
Last trade Cdn$0.57

As they have been drilling successfully this year, the new resource estimate may be different than above. Plus they have the new property JV'd with Rio Tinto with interesting looking intercepts.
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