Timmins & Beardmore - Northern Ontario

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Message: Value of Golden Extension
1
Oct 04, 2008 12:04PM

I recklessly posted an estimate for the value of the Golden Mile on the KXL board:

Link - Here is the post

Sage Gold's "Golden Extension" is likely 1.5 km long, or longer. That would be 1/6th of the Golden Mile.

If 6 km of the Golden Mile is worth $3.22 (see the post above), then 1.5 km of it along strike, looking down 1250m, with gold in the ground at $150/oz, leaving the other Sage properties aside, would be worth 80 cents/share.

Food for thought. You all can probably improve on that estimate / best regards / cedar

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Oct 04, 2008 01:30PM
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wmn
Oct 04, 2008 03:58PM
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