RE: EZconsidering your name, you better stay off...
Just kidding... hehehehe
trying to make simple iterations:
to get to a an cash equivalent to of C
.5/share we need C$60M, that is 30000oz at C$2000/oz, .
Let's say we make net 0,5 oz net/ton (net meaning ex cost, being very conservative, prediction range between 0.75 to 1.4 gross)
We need the 30000oz at 0.5 that is 60000t as we only own 60%of the mine that means we need 60000/0,6 that is 100000t total
The movie on the Webpage says up to 200t/day (that is only 4 decent trucks/day) it will be 500 days
Ok that is realitsic in a way, cash/equiv 0.5 we can get to with the assumtion we got the 100Kt at this level.
On the page says we want to ship a another 'Sample'!!! of 30K before end of 09
https://www.encorerenaissance.com/pdfs/encore_renaissance_bonaparte_ppt_june_%202009.pdf
Well if a company make cash 0.5/share that is big, e.g. HP did US$3.14 in 09 and trades at US$50.
Just to show the relation, I am not saying that it is really comparable and we will go to $8US soon, HP does that year over year...
But with the cash of that volume in hand Ez management can really invest in very very good projects not depending on any external finanzing for good!!!!!!!!!!!!!
I say 0.5 soon, Q1/2010 if all goes well, 2-3 in reach over time when the cash is invested in good new projects
btw,the Dolly Varden copper one is also big, few people really see that right now I think, kind of the same story, old mine , known stockpile, etc, just in copper... maybe check it out
Enjoy