difficult to find infoI find it so difficult to find details about what is happening with this company. I have tried to search the internet for information but to no avail. I am confident and excited about the future opportunities this company has. For one thing, Santa Rosa has 1000000 ounces of gold to be mined at a profit of 1000 dollars inferring that gold is priced at 1280 dollars. They will partake a 75% stake of this of which 10% goes to the property owners as profit. Therefore
$1 billion * 0.75= 750 million dollars-75 million= 675 million dollars for erin. Inferring that since only 60000 ounces a year can be mined, it would take approximately 20 years to mine the gold mine.
675 million/20= 33750000 /100000000 shares= 0.34 cents/ share
Add this to the serbia issue which could put 15000000 in the coffers or 0.15 cents/ share
Since the 0.34 cents/ share is cumulative, every year the price will increase by 0.34 cents/ share
2009-0.49 cents
2010-0.83
2011-1.17
2012-1.51
2013-1.85
2029-7.00 dollars a share
Heaven forbid they acquire new properties or if gold hits $3280 dollars/ ounce
This stock could skyrocket. If I had the money I would buy 100000 shares of this company. Only a few stocks will make you millions. I think this is the one.