Re: some simple math
in response to
by
posted on
Sep 12, 2012 10:20AM
(Edit this Message from the "Fast Facts" Section)
Some simple math:
8 million oz gold @ 1,736/oz = $13.88 Billion
80 million oz silver @ 33.63/0z = $2.69 Billion
Total PM value = $16.58 Billion
In likely scenario where Gold goes to $2,500/oz and Silver doubles to $67/oz:
8 million oz gold @ 2,500/oz = $20 Billion
80 million oz silver @ 67/oz = $5.38 Billion
Total PM value = $25.38 Billion
Of course it will take a few years to prove all of the resources of WEM so we're betting on fantastic initial drill results and then a bidding war based on those results. What is the timeframe ..is it 6 months ..12 months ..shorter ..longer? Whatever it is it will come.