Wheels Group Inc GRFJF

RE: Anyone have any EPS estimates?

[nwtfe]

Can I ask what you're using to base your $4.50 projection on? I see earnings like this: Hedged 66 000 Oz @ $385 profit ($801 - $416 Total Cost) Non-Hedged 100 000 Oz @ $385 profit (Assume Avg Oz of G at $801 - $416 Total Cost) Total Net Income of $63 910 000 Total Shares, Warrants, Options Approx 143 Million Total EPS fully Diluted $0.447 By these calculations, we would have to trade at a PE of 10 to 11 to reach $4.50. Is this realistic for a company with no other mines in development (i.e. no organic growth prospects)? I'm not very familiar with Gold stock valuations, so comments are welcome.