Magna Gold Corp V.MGR.H

Magna Gold Drastically Undervalued

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I built a spreadsheet for Magna Gold recently using 2022 gold production of 70,000 ounces, Profit per ounce of $500.00 and sga expense of 7.5 million I did not add any interest expense but it should be minor for the converts they recently issued.  I come up with eps of a little over USD .28 with the stock trading just under 30 cents I have to think this stock is worth at least 85 cents a share or about 3 times eps. Am I missing something?  70000 ounces is the midpoint of guidance other followers seem to think production will be higher than guidance I personally think 84,000 ounces is probable. Other than a mine collapse I can't see any downside left in this stock and have been buying agressively since it was 40 cents a share. Upside over the next two years? My estimate says this stock is a 7 or 8 bagger if the price of gold holds $1850 usd  Much much higher if gold moves up which I consider likely  Buy Magna Gold below 40 cents usd for a major capital gain.  Any thoughts?