Pooley Lake Gold (PLG) are privately held tokens representing a proportional fraction of the Pooley Lake Gold Claim, which has proven reserves in excess of 70 million ounces of Gold. Each token represents at least one ounce of Gold, as a conservative allocation for the purpose of a per token pricing. The actual allocation is estimated to exceed 30 to 40% more if and when mining operations were to proceed.
Wallet Address: 0xB4C2Cc2e4FdF14c8d6698f5264EAc009D7c60b4c
| Cash Account Balance | $0.00 |
| Forge Account Balance | $0.00 |
| Quantity | Symbol | Name | Offering/Trending Price | Total value |
|---|
Gold Price (USD): $4,714.94
Asset Value (USD): $3,300,458,000.00
(QTY 70,000,000 Ounces x Gold Price x 1%)
Total Value of the Portfolio (USD): $3,300,458,000.00
(Portfoilio Value + Cash + Forge Balances)
Historical Distributions to Token Holders $34,803.12
Total tokens in Circulation: 70,000,000
Value Per Token (USD): $3,300,458,000.00 / 70,000,000 = $47.15
The underlying value calculations for the PLG Token Asset Portfolio has recently been adjusted to factor in the per ounce value at 1% of the daily (11pm Eastern) open market price of Gold per ounce. This model better reflects the minimal value of in-ground gold.
The Pooley Lake Gold reserve has proven Gold reserves confirmed of at least 70 million ounces of gold and approximately 30% to 40% additional ounces non-confirmed. The value of the gold when mined would be equal to the full market price of gold.
In order to ensure values of the PLG token portfolio is fairly valued along with other considerations, it was determined that it is prudent to err on the side of an ultra conservative valuation. Other considerations include the fact that there will be a long term delay before any actual mining of the Gold could take place due to Canadian Government regulations, environmental issues, proximity to urban centers, potential extended delays before mining operations could begin, and being the land is on First Nations land.