DDOkey guys Ive gone my easy math.
125 ton/dag, 0,75 oz/ton, cost 500 usd/oz, goldprice 1100:
Gives 20 MUSD cashflow!
How about the reserves? We have no idea. But they have drilled 200 holes on the project... so Im guessing we atleast have enough to produce for 10 years...
The valuation could be motiveted to 4xcashflow, giving 80 milion shares out, we get 1 USD per share... Im NOT saying EZ should cost 1 USD/share, BUT im saying that 19 cents is really a bargain... It really is.
Thats my two cents for you.