Don, Here's what I've come up with for what its worth.
July 11,1997 Gold @380 & Silver @ $4.80
Au; 285,000oz Ag; 91.3moz GE 1.440moz Value = $ 547,200,000
Dec 14,1997 Gold @280 & Silver @ 6.00 & deposit expanded by 38%
Au; 393,300oz Ag; 125.6moz GE 3.078moz Value = $ 863,640,000
Increase in value $316,000,000us (+57%)
Interesting that even with gold dropping $100/oz that it was more than offset by the large increase in price of silver & the fact that the deposit itself is heavily weighted to silver.
Share price has gone down while the value of our resource has skyrocketed. We are, even with PFG's conservative estimates, appproaching a billion dollar asset.
Someone should check my math. Regards, Dave |
