MINE is a steal. Proven reserves worth 12/share. Indicated reserves worth 144/share and inferred reserves worth 290/share. Calculated with POG at 310, thats 140/share above the production cost of 170, with 80M shares out.
>>The assays which resulted from the sampling procedures were performed by Inspectorate-D.C. Griffith Laboratories, an international firm based in London.
The study, the second geological report prepared for Golden Eagle by Paravicini, is based on channel, trench and pit samples taken from 718 points within the Cangalli concessions. A total of 2,900 assays were completed by Inspectorate-D.C. Griffith Laboratories. In Paravicini's report he calculates a proven reserve of 6,430,000 troy ounces of gold; indicated resources of 78,714,000 troy ounces; and inferred resources of 157,428,000 troy ounces. <<
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