RE: Rough Valuationthey say 640/oz cost gold at 1350 so presume 700 dollar margin with QE of fed price of gold will only go up
so 80.000 at 700 margin is 56000000 milj $ cash flow per year
small producers are around 6-8 times cashflow.
so without a "positive" result of herbin, will not be positive this quarter !
this makes 6*56=336 milj.
so .....
1$ a share !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!