RE: RE: RE: RE: Today's closing price will be...My thoughts on this stock. The value is there, earnings both mines producing. Some set backs but if you look at the income and value of resources, two year pay back which is now 3-4 year payback with the problems.
Income in2010 is 190 million minus gw gold transactions
resource value you can check the tech reports
gold at 850oz 8.5 billion
gold at 1100 oz 10.4 billion
uranium at 57 lb.
ezulwini mines resources are at 32% of the potential resources.
before the permit was pulled and the financing problem stock was valued at around 5.25 share.
now with permitting and some dilution it has to have a value of 2.25.
Most of the infracture is in place, both sites operating gold is sold, uranium contract is in place.
the income will increase subtantially when all mills are running
U prices in 2011 will be better.
even if gold drops to 850 its still within the range the company projected for income.
plus the unexplored property they have.
I believe and will find out but i think they plan on expanding something to do with simmers holdings.
but anyone else care to comment.
I can't believe the CEO took 9 million salary plus benefits stock options to do such a horrible job of running the operation.
If i am wrong someone point this out i did work it out with IR the income and reserves etc.
problems solved
hydro adequate with backup power which was one big problem in the last 2 years
tailings permit approved
some work already started on it.
funding looking good
RBC taking a position
GW taking a position
U prices looking good for 2011.
Just my thoughts on this. hope other people have an opinion.