RE: good news...I agree, the market should begin to anticipate the future. It may be far enough away that people still feel its a little risky, but remember that even at $1000 gold, we'll be more profitable than we are now once the hedge and loan are gone. Every month closer to that 2013 deadline and every quarter of steady or improved production makes us less of a risk and much more attractive.
With some of the grades released today, its possible we could even get production up to 25 thousand ounces per year. If that's possible, how about 25,000 ounces at $1500 gold (or more if you're an optomist)? That's 37.5 million bucks of cash flow for a company that has roughly a 15-18 million dollar market cap currently.
Anybody better with numbers and traditional pricing ratios have a sensible share price target if gold stays in a similar price range and costs don't get out of control?
I bought a few more today, but will add considerably more next month.
I know people are still ticked and have expected faster returns (like myself), but if things pay off like they appear they will, we'll owe a lot of credit to Ralfe for turning aroung the mine's situation.