RE: RE: RE: Visions of the futureWhoa, GMazski, hold on there.
I love your optimism. I'd be most pleased to have you write the eulogy for my funeral, but don't get your hopes up on being hired as my accountant. (grin)
If value is $100.Ct and .4ct / T (then ore value is $40/T ) and costs are $15 /T (say $20 to be conservative
That is $20/T profit
If 40,000 T/d mine - walden says (Dang big mine)Interesting to note that the Alumbrera mine in Argentina is currently in the midst of ramping up to 100,000TPD - that's Dolly Parton BIG!- that is $ 800,000 profit / day
Or
$292,000,000 per year
Wait! If we realistically assume 320 days of production, that generates $256 millionIF
Shares Out at thast time is = 584,000,000 that is $2.00 / Sh profit earnings
Wait, again. I'm assuming a JV whereby we retain 50% of the returns. (I think I'm being a tad optimistic with this calculation. 256/.5= $128 million per year to DOR. IF we go alone, I'd guess our float in 2016 would be around a billion shares (yes, BILLION)
128/584= approx. 22 cents per share
If selling 10 times esrnings
There you have it $20 / share
Sorry, caint falla yer figgurin.
Now, on the upside, we could get superb news at any point during the Incredible Bulk. This would allow us the draw on the ELOC on more favourable terms, thus reducing our dilution.