Hi George,
Nice to have you back. And nice to read all your analysis. Thanks for taking the time to post it.
I've been playing with some numbers (back of the napkin type thing), and need your help. Just splash a little water on my face if you must, but check this out...
In one your last posts, your personal estimation was that they dykes would come back with at about $275 US/ton value. Your analysis is great, and I actually believe we'll see higher than that because of the nice percentage of colored stones.
Now if you take the other analysis of dyke tonnage it's not unreasonable that WSP can prove up 15 million tons (10 million plus is already inferred from drilling, and 20 million possible) for the dyke system. Now here's the wild part...
$275 * 15,000,000 tons = $4,125,000,000 ($4 billion+)deposit value
divide that by WSP's 32 million shares = $128.91 US / share
(before taking out Abers cut... forgot exactly what it was)
Wow!
Now will you please throw some cold water on my face... |
