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Gold/Mining/Energy : Chesapeake Gold (CKG.V) -- Ignore unavailable to you. Want to Upgrade?

To: Zincman who wrote (1477)	1/16/2008 11:20:27 AM
From: TrueScouse	Read Replies (2) \| Respond to of 7833

ZM and CC: Thanks for your comments on the CKG valuation... <<Should those numbers come back as planned, and they were able to get their cost per oz down, he felt the market would value CKG to at least $1 to 1.5 bil; based on similar props he was familiar with. I don't recall off hand how many oz's this would represent, but I believe it is near 6mm.>> Sounds good. On that basis it could be as high as $250/oz for the high grade, which sounds about right to me if POG is over $1,000. And $1.5B would still be about $37 per share. Not too shabby to start with. <g> Best regards, Howy