All:
Major postivive news release, IMO.
First...
Reserves of 130,800,000 cubic yards times 0.03 ounces of gold per cubic yard yields approximately 4,000,000 ounces of gold. Even with the current price of gold we're looking at $160 net profit per ounce which would be over $600,000,000. Can you say significantly, undervalued?
That's using the old figures of .6 grams of gold per cubic meter. Use the new figures from recent testing and you're looking at 3 times that amount. This could be the richest gold deposit in the world with over 10,000,000 ounces of gold. I'd say that makes this little $.12 stock worth 100x in the relatively near future.
Second...
Add this to the two properties mentioned in the December 17th news release, it's my understanding they're not the same properties, along with all the claims in the Andcollo which amount to around 1,000,000 ounces of gold.
Third...
Throw in a 1,200,000 share short position that my research indicates has to cover in the next week (more on that later).
Fourth...
The company was very clear about the shares outstanding, i.e. no dilution as some had thought.
Fifth...
The company is going to be a full reporting company....audited financials to the SEC and everything else included with it. I know as of as of September, 1997, a 15c11 form and all required reporting documents had been filed with the regulatory authorities.
Sixth...
It's time to blast off.
KMT |
