Trades LESS than CASH VALUE
--> $95mm in cash right now
--> $11mm planned expenditures for remainder of 2012 (PEA done on Magambazi during that time)
--> $84mm cash balance at year end
--> $84mm / 199,708,103 shares outstanding = 42 cents in cash / shares at year end
--> $20 / indicate ounce = (721,300oz * $20) = $14,426,000 (7 cents)
--> $10 / inferred ounce = (292,400oz * $10) = $2,924,000 (1.5 cents)
Drum Roll Please.....
50.5 cents