1.18 X 100,000,000 (fully diluted) = 118,000,000 (market cap)
118,000,000 - 55,000,000 (cash in bank) = 63,000,000
63,000,000 / 30,000,000 OZ AuEQ = $2.10 per oz of gold in the ground valued by market
Now that's pretty good leverage to the price of gold! What happens when she gets bought out and we're valued at $20-$45 per oz in the ground? I think we'll have to meet up in Vegas for a Exeter Party!