Agoracom: Small Cap Investment - Gran Colombia Gold Corp

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Frank Holmes: "the most undervalued pure gold stock in the GDXJ ETF."

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Francis Dube

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Formula

posted on Jan 08, 2012 10:34PM

A friend of mine gave me a formula to estimate price targets on gold companies ramping up. Here is the formula for 3 years from now based on company targets:

Annual ounces	510000
Price of gold	1600
Cost per ounce	562
Net gain	1038

Annual profit	$ 529,380,000.00
Market valuation	$ 5,293,800,000.00
Shares	623,000,000.00

Share price	$ 8.50

2 Recommendations

Re: Formula

glorieux

Jan 08, 2012 10:38PM

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