GREY:GRFJF - Post by User
Comment by
loantech1on May 19, 2007 9:45pm
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Post# 12810881
RE: EVEN WITH THE HEDGE
RE: EVEN WITH THE HEDGECan you be more explicit please on that 40-50 cents EPS? 140 million shares out. 50 cents per share is 70 mill profit. 165,000 per year production. 425 per ounce net eh? At 402 all in cost we best see gold at 827 per ounce. All numbers are rough for example only.
But I expect to see 825 gold if not higher. At 50 cents a share in abull market junior golds can sell for 20-25 times cash flow.
fine with me to see a 10-12 price range. I see a floor no lower than the lows of 1.30 or so last year so a good reward risk situation.