RE: DD questions and comments
Ureka
yeah,I like to be conservative,so a 800MM market cap based on Perama alone is a bit high.However I will show you why we could be in the ballpark.
THE FIRST YEAR OF PRODUCTION: 185,000 OUNCES
REVENUE AT TODAYS GOLD PRICE: 105,000,000!
MINUS OPERATING COST OF 135 BUCKS PER OUNCE:25 MILLION
THAT LEAVES US WITH: 80 MILLION PROFIT (MINUS VARIOUS OTHER EXPENSES AS UREKA MENTIONED) That would equate to EPS of about .40 cents with 170 million shares out.We should trade for at least 10 times earnings.That would be 4 bucks a share X 170MM shares out = 680MM!!
Add success at Macusani and you get your 800MM market cap.
I would also like to clear something up.I stated before that we would finance 100% debt.I misunderstood Peter.European Minerals recently raised 75MM for a similar project.only 10% of it was Convertable!I believe we can expect a similar structured financing for our project.
Goldbug317