RE: Why So Underpriced?The report indicated 9,000 to 13,000 tons per day leach and mill processing at average grade of .71g/ton, which is .020544 ounces/ton, from the economical highgrade pit resources.
That works out to 184.9 to 267.1 ounces per day or 67,488 to 97,491.5 ounces annually.
Say for a profit of $475 per ounce that would be a profit of 32,057,037 to 46,308,462 million dollars
For 107,500,000 shares that works out to $2.98 to $4.32/share annually.
The share price closed at 1.57 today or .53x to .36x those future annual earnings.