MEXP, Dig into this treasure hunter and you are going to like what you see, This pick should be much higher
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Hi Subscriber, MEXP, Dig into this treasure hunter and you are going to like what you see, This pick should be much higher MEXP is up 11% today and is last @ .029. We are up 87.09% since we brought MEXP to the attention of our members. This one month chart shows that investor expectations have been building for the last week or so. The stock has rallied 176.19% from .0105 to the .029 trading price today.
We are looking for a move to the 200 day moving average of .09. If we get there it will make our members 210.34% from these levels. The stock has been on a roll since the company announced in a PR that they are going to start work again on their salvage site. If they get good results from the wreck, the stock will easily pass .09. This wreck that they are salvaging is full of gold. MEXP is a buy in our books just based on pure math. The company provided this calculation of the treasure on one of the wrecks they are excavating.
ESTIMATED VALUE OF THE TREASURE ABOARD THE “SANTA ISABELA” 1551
This chart shows the estimated market value of the treasure aboard the “Santa Isabela. The calculations contained herein are based upon the May 2007 silver value of $13.00/troy ounce and gold value of $665.00/troy ounce. (All dollar value numbers rounded off to 1,000’s)
SPANISH TREASURE & ESTIMATED VALUE PESOS CALCULATIONS VALUE
50,000 * “Pesos Ensayados” in worked silver 1.4628 troy oz. x 50,000 pesos = 73,140 t. oz. Est. market value factor of $300./oz. =
$ 21,942,000
125,000 ** Pesos (8 Reales silver coins) x $75.00/coin (Many smaller denomination coins)
$9,375,000.
250,000 “Pesos Ensayados” in silver bullion 1.4628 troy/oz. x 250,000pesos = 365,000 t./oz. Est. market value factor of 2.5 x $13.00/oz. = $32.50/oz. x 365,000 t./oz. =
$11,863,000.
75,000 “Pesos de Minas” in gold bullion 75,000 pesos x 4.6 grams = 345,000 gr. 345,000 gr./31.105gr. (1 t.oz.) = 11,091 t./oz. Gold market value factor of 3.0 x $665.00/oz = $1995./oz. x 11,091 t./oz. =
$ 22,127,000.
500,000 TOTAL VALUE OF REGISTERED TREASURE $ 65,307,000.
ESTIMATED VALUE OF CONTRABAND AT 25% OF REGISTRY (CONSERVATIVE) $ 16,327,000
*** TOTAL ESTIMATED VALUE OF GENERAL REGISTRY AND CONTRABAND TREASURE $ 81,634,000.
* Worked silver is proven to realize higher values than any of the other forms of silver, but it is very difficult to determine overal values. While a 12 ounce silver plate may sell for $4,000., or an 8 ounce silver ewer for $12,000., a figure of $300. an ounce has been used as a conservative assumption, taking into consideration the percentage of items damaged or deteriorated beyond salable value.
** This does not address the fact that there will be significant quantities of very rare coins of great numismatic value and importance.
*** This total estimated value does not include artifacts which could very well represent another 5 to 10 million dollars.
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