RE:2nd. Post Re: PROBABLY THE MOST BORING BULLBOARD ON S.HOUSEMy own model comes up with a price target of +/- $3.00 per share.
A couple of things though, they need to continue to drill and find good grades (ie. average above 6 g/t) to get the mine life to 10+ years, they need to get to +/- 150,000 oz per anuum in production, gold needs to be $1,700 per oz or better, exchange rate of 1.25x, and msot importantly they need to stop issuing shares.
Most of my assumptions are based on the feasibilty study and stated targets for production, recoveries, etc.
Still plenty of upside but I agree ths really boring and taking a long time to come to fruition.