RE:RE:RE:New Board Member - possibility of M&A?Here's a jumping off point...<br /> <br /> TGM will produce 120,000 ounces of gold with ~25% going to the streamers at some lesser price.<br /> <br /> To keep is simple, I assume 90,000 ounces at AISC of $700 = ~.14 cents per share in earnings.<br /> <br /> If the market gives TGM a 10x multiple, one could argue the market should value TGM shares at $1.40 a share. But the reallity is that gold production will increase and mine life will increase and the gold price will increase and a higher multiple than 10x is not out of the question.<br /> <br /> A $1 share price seems quite plausible...but I would not see a $2 or $3 share price as out of the question.