posted on
May 13, 2016 11:27AM
There are 1,344,000 reserve gold ounces at the YGP, and about 557,000,000 shares fully diluted. Reserve ounces are often said to be valued at $50-$75. Let's use $50. So, if my arithmetic is correct, a share would be valued at about 12 cents. ..........(But, let's not forget that Tyhee's 5-8 million dollar debt and its blue sky potential, esp. at Clan Lake, would also figure into its buyout price).