Calculations
The JV plans to produce 60,000 ozs over 21 months starting in April or roughly 3000 ozs per month. If the gold price holds and production costs are at about 500US/oz, that should yield cash flow 1.2 M$/month or .6M to CBR, giving it a cash flow of 7M/yr. All numbers are conservative.
Not bad for an 8M$ dollar investment and a company whose market cap is less than 30M. Something has to give and it will be the SP.. it has to rise, perhaps double or triple.