baddog, with all due respect, I have to say my posts have been extremely accurate, IMO anyway.
I'm posting these examples & information for the following 2 reasons mainly:
- To show the average Price Paid per OZ in the ground. (Mainly due to the frustration I get seeing people sign up with a new account, and posting comments like the avg price should be $40 - $60 per OZ, then vanishing? Absolutely inaccurate statements!)
- To show the Share Price does not mean much, if you don't know how many shares are outstanding (as you see from the 4 examples I gave, the outstanding shares range from 33 Million to 553 Million. That means a share price of $20.00 for the company that has 33 Million, would be the same as a share price of $1.19 for the company that has 553 Million. Wow, what a difference in share price hey? So when any investors, in any company, hear anything about share price, they need to say "How many Shares Are Outstanding"? cause that means everything!)
I hear you about the 100 Million OZ, but that is just speculative math, which I love, and I truly believe that might be accurate in the end, but these 4 examples (and BubaBob's 4 examples) are fully based on real & actual examples from the past. Give or take a little bit, nobody can argue with these numbers.
Tomorrow, when I'm done the averages, it will be very clear what the average price paid per OZ, the average reserves, and the average SLI equivalent Share Price. From there, anyone could then extrapolate the SLI estimated reserve OZ (100 Million, or whatever people think) and multiply by the average share price equivalent, and come up with their own conclusions & estimations.
But for these examples, I'm only going with the Known!
