>They'll make $9,000 that way per day. $300 (gold price) - $150
>(mining price per ton)= $150 X 60 tons per day = $9,000.
At their current stock value, $0.97, times the approx. 41 million outstanding shares as of Oct. 1st (according to the SC-13D ownership
report filed Oct. 14), BCMD is capitalized at $40 million (rounded
to the nearest million).
Assuming mining goes on 6 days a week, $9,000/day is about $2.8
million per year according to your equation--5% of current stock
value. Maybe the stock could go up to 2 with that as a basis.
However, the company has made lots of promises to keep itself afloat,
and still has some outstanding convertible stock according to its
form 10KSB of Oct. 14th. The company also has development costs
at its other (possibly much less profitable) mines that will soak
up $2.8 million like rock sponges (which they sort of are, on a large
scale).
If anyone can get through the whole 50-page 10KSB, it has everything
you'd ever want to know about BCMD except how much gold they'll mine,
and where else they'll get financing to keep going.
Brad |
