See report http://www.scotgoldresources.com/ass...20Drilling.pdf
Note: Incorporating the grade range, the Inferred Mineral Resource is estimated to lie between 101,000
oz Au and 147,000 oz Au for a combined (Measured, Indicated and Inferred Resources) gold resource of
between 152,000 oz and 198,000 oz Au at a 3.5 g/t Au cut-off.
Estimated 154,000 oz - market cap = approx $11M
@$750 oz 50% profit = $57M
@$750 oz 40% profit = $46M
@ $1000 oz 50% profit = $77M
@ $1000 oz 40% profit = $62M
Production estimated to start in 2011 after extensive summer drilling program in 2010....its in Scotland....so June/July.
Plenty of potential upside, especially including they have 2200km area along the formation....
Disc...seek advice - may own at some points in time...