Re: My Windfall Lake Valuation

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Francis Dube

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Re: My Windfall Lake Valuation

in response to

Re: My Windfall Lake Valuation

enginerd

posted on Dec 10, 2007 07:20PM

I was reading another gold play where they value gold in the ground at $25.00 per ounce. This would yield only a value of about 2B dollars for 8M ounces. any thoughts on this. The analyst did say this was conservative but judging by the lack of a rally from the juniors felt it was still appropriate. He said you can go to 50-100$ if you are near production. Just curious why your model seems so much higher.