Hey Safe:

I love your optimism. 20 m oz at $300 an oz insitu = $6 billion. Giving a share price of $56.87. A great top end.

Taking the conservative view......... Genuity told us that they were using a $140 insitu price, but their analysis was done based on deals when gold was averaging $650 an ounce. With it hitting $930, that translates into an insitu price of $200 an ounce.

Using only the 14.5 million ounces gives a value of $2.9 Billion or $27.50 per share.

So there you have it, the top end and the bottom end ...... let the bidding begin!

Trade Wizard.