RE: $.46 read it and rejoice so based on $.46 pre-tax earnings per share.
if we assign a multiple... total guess... something under 7 for a newly producing junior.. no track record.. let's use 4 (totally debateable).. would give us a price target of $1.86...
of course this totally ignores: manipulation, market sentiment for gold, for gold juniors, acts of God, ... etc...