My back of napkin calculations2 ways to make money on the stock market....sell stock for more than you paid for it or dividends (IMO).
So if we are thinking of selling I calculate this way...(we made $8M profit on 18k oz of gold or $.06/share) Using a conservative 10Xearnings puts us at about $.60/share (this is based on low grades and only NFLD mining projects as it stands now).
So in 2-3 years if we are producing 150k oz's, if figure we're at $66M profit or about $.40/share. At 10Xearnings...I gues thats $4/ share. And that doesn't take into account better grades that cost us less.
Then there is my wish. If we sell one of the properties (NS or NFLD) and take some for development of other property and the rest we share.
In my dream world we sell Goldboro for $800M, keep $200M in company and share the $600M... Thats about $3.75/share (as a dividend).
Well not as excellent as DDD, but I smiled all the way as I write this. :)