This is a very quick back of envelope calculation of how the prospective gold of Carrick Gold and Monarch Gold are priced.
crk mon
Shares(m) 112 462.226975
Resource(moz) 3 2.3
oz/sh 0.026785714 0.00497591
$/sh 2.06 0.26
$/oz 76.9 52.3
The numbers show Monarch's gold is priced cheaper by the market. Carrick Gold has had a run-up in recent weeks, due to significant high grade gold found.
Note that this analysis has not taken into account the operations effectiveness, financial standing, etc.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment