Value per share600,000K per year assumed
cost per oz= 300$
cash flow per share = 180,000,000$ per share
we are at 400 million??????
OK, we are going to see 20$ or close to it.
It warrants 1 billion$ market cap. Gammon Lake is at 200-250$ cost per oz (very good) and 400K per year. Ok it's going to grow it's production very well, but it's at 1.8 billion $ market cap and about 60% still undervalued at todays gold price!!!!!
30$ we hit with an improved reserve in Jan-Feb with 700+ gold.
30$