...looking back a couple of yrs i recall the disscussion of the importance of 3 million oz and how mining analyst viewed exploration share price to producing. I guess looking at the arcive on BNN one could reference around the time of this post to hear Peters response.

traps70

11/25/2007 5:04:16 PM | No Recommendation | 397 reads | Post #17011510

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from SPROTT MANAGEMENI will be on market call at 12,30 pm.Marge start dialing and send in the e-mails.Bill Harris recently quoted a formula for share price as,20% of the 43-101 x the price of gold divided by the number of shares.Lets assume a 3mill oz and a $1000. price.So we have 600,000 x $1000 =600,000,000 divided by 250,000 mill shares and we get a $2.40 share price.By chance a caller gets through ask peter if this formula applies to producing comps,.FENG SHUI EAST WEST.Traps7