RE: $1600 an ounce profit, tax free?I agree, if I do back of the envelope calculation, here it is.
40,000 onces per yer for 5 years = 200,000 total onces ( and way more to come)
cash costs presently around 350 pere once, say 400 per once.
price of gold 1,800 per once
total cash flow = 200,000 * 1,400 = 280,000,000
total share = 180,000,000
total equals = 1.56 per share
current price = .61
around 1.00 under value
plus their current cash balance, whatever that is.
Why don't we buy the company ourselves and take it private.
Someone should that.
Any thoughts?