RE: RE: RE: RE: Get ready... STOP YELLING GEOFFS13! haha
Listen to the webinar at 6:46, Tony explicity states the cost structure
- $700 cost per ounce
- $300 - 350 sustaining capital
- $200 corporate overhead and exploration
In total, that's $1200 - 1250 per ounce, assuming the $700 cost per ounce. At the current gold price, that's $450 - $500 ounce in profit, representing $63 - $75 million in net profit per year. 10x earnings = $630 - 750 million market cap, or a share price ranging from $1.40 - $1.87, assuming no issues at all. And this won't even happen for a few years....I hope you're seeing my point.